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Do Universities Improve Local Economic Resilience?

Author

Listed:
  • Howard, Greg

    (University of Illinois)

  • Weinstein, Russell

    (University of Illinois at Urbana-Champaign)

  • Yang, Yuhao

    (University of Illinois)

Abstract

We use a novel identification strategy to investigate whether regional universities make their local economies more resilient to adverse economic shocks. Our strategy is based on state governments assigning normal schools (to train teachers) and insane asylums to counties between 1830 and 1930. Normal schools later became much larger regional universities while asylum properties mostly continue as small state-owned psychiatric health facilities. Because site selection criteria were similar for these two types of institutions, comparing counties assigned a normal school versus an insane asylum identifies the effect of a regional university. We find that having a regional university roughly offset the negative effects of exposure to manufacturing declines, and we attribute a significant share of this resilience to the resilience of regional public university spending.

Suggested Citation

  • Howard, Greg & Weinstein, Russell & Yang, Yuhao, 2021. "Do Universities Improve Local Economic Resilience?," IZA Discussion Papers 14422, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp14422
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    Cited by:

    1. Luisa Gagliardi & Enrico Moretti & Michel Serafinelli, 2023. "The World’s Rust Belts: The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries," CESifo Working Paper Series 10826, CESifo.
    2. Luisa Gagliardi & Enrico Moretti & Michel Serafinelli, 2023. "The World’s Rust Belts: The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries," Working Paper series 23-17, Rimini Centre for Economic Analysis.
    3. Luisa Gagliardi,, "undated". "The World’s Rust Belts: The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries," RF Berlin - CReAM Discussion Paper Series 2317, Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM).
    4. Gagliardi, Luisa & Moretti, Enrico & Serafinelli, Michel, 2023. "The World's Rust Belts: The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries," IZA Discussion Papers 16648, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    manufacturing decline; universities and economic growth; resilience;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General

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