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WP n. 9 - The local and regional economic role of universities: the case of the University of Cardiff

Author

Listed:
  • Ernesto Tavoletti

    (Università di Macerata)

Abstract

The paper evaluates the regional and local economic impact of the University of Cardiff, dividing its effects into two major sides: ”expenditure impacts” and ”knowledge impacts”. It reviews the major tools and methodologies available in the literature to assess the two sides. It measures the ”expenditure impact” in the financial year 2000-2001 through a Keynesian multiplier model developed by the Centre for Advanced Social Studies (CASS) in order to compare that same impact in the financial year 1994-1995. It assesses the university’s ”knowledge impact” through two main variables: 1) employment and destination of graduates or ”people impact”; 2) kind of knowledge produced. It concludes that Cardiff University’s graduates enjoy a full-employment and, according to our conceptual framework (Tavoletti, 2005), it classifies Cardiff’s higher education system as ”non-active” positional competition and ”social knowledge” production.

Suggested Citation

  • Ernesto Tavoletti, 2007. "WP n. 9 - The local and regional economic role of universities: the case of the University of Cardiff," Working Papers wpaper9, Macerata University, Department of Studies on Economic Development (DiSSE), revised Jul 2008.
    • Handle: RePEc:mcr:wpaper:wpaper9
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    File URL: http://www.unimc.it/sviluppoeconomico/wpaper/wpaper9/filePaper
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    More about this item

    Keywords

    higher education; knowledge; university; graduates; regional development; human capital;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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