IDEAS home Printed from https://ideas.repec.org/p/ann/wpaper/3-2016.html
   My bibliography  Save this paper

Tale of two cities. A comparative study of relationship between education and economic prosperity

Author

Listed:
  • Sharaf N. Rehman

    (Department of Communication, University of Texas Rio-Grande Valley)

  • Joanna Dzionek-Kozlowska

    (Institute of Economics, Department of History of Economic Thought and Economic History, University of Lodz)

Abstract

Over the last century, the social function and the role of the universities and other higher education institutions (HEI) changed significantly. What the contemporary students expect to gain due to their university education is neither enlightenment nor insight, but rather skills and practical knowledge needed to successfully find and retain a job. In turn, the modern HEI ceased to be the entities isolated from their surroundings but became the institutions intertwined into community life. Hence, our purpose is to redefine the role of the universities in their communities with the emphasis put on the relationship between the HEI and the communities’ economic performance. The general discussion on the transition in academy’s place in the society is presented in the first section of the article, whereas its second part provides an overview of the potential contributions to the reciprocal development made by the universities and communities. Against such a background two illustrative examples are analyzed, i.e. Lodz, Poland and Brownsville, Texas. Both the theoretical inquiries and these examples’ analysis confirm that the relationship between the development of the universities and economic performance is bi-directional: on the one hand, the investments in HEI trigger stimuli towards economic growth, and on the other, the economic prosperity of the city commonly results in invigorating the scientific research. The article concludes that despite the fact the interrelatedness between universities and local communities’ economic performance is too complex to be boiled down to any simple rule, the communities’ investments in HEI may sow seeds of future economic growth and provide a safety net protecting the economy in times of stagnations or slumps.

Suggested Citation

  • Sharaf N. Rehman & Joanna Dzionek-Kozlowska, 2016. "Tale of two cities. A comparative study of relationship between education and economic prosperity," Lodz Economics Working Papers 3/2016, University of Lodz, Faculty of Economics and Sociology.
  • Handle: RePEc:ann:wpaper:3/2016
    as

    Download full text from publisher

    File URL: http://dspace.uni.lodz.pl:8080/xmlui/bitstream/handle/11089/18793/LEWP_3_2016.pdf?sequence=1&isAllowed=y
    File Function: First version, 2016
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Terance J. Rephann, 2008. "Community Colleges and Local Economic Development," Working Papers 2008-02, Center for Economic and Policy Studies.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elvira Nica & Gheorghe H. Popescu, 2014. "Education Quality and Economic Growth in the United States," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(1), pages 43-46, March.

    More about this item

    Keywords

    Higher Education; Economic Performance; Lodz; Brownsville; Social Role of the Universities;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • N92 - Economic History - - Regional and Urban History - - - U.S.; Canada: 1913-
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913
    • N94 - Economic History - - Regional and Urban History - - - Europe: 1913-
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ann:wpaper:3/2016. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/welodpl.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LEWP Editors (email available below). General contact details of provider: https://edirc.repec.org/data/welodpl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.