Consumption expenditures in economic impact studies: an application to university students

Kristinn Hermannsson, Peter McGregor and John Swales ()

No 1314, Working Papers from University of Strathclyde Business School, Department of Economics

Abstract: This paper examines how appropriately to attribute economic impact to consumption expenditures. Consumption expenditures are often treated as either wholly endogenous or wholly exogenous, following a distinction from Input-Output analysis. For many applications, such as those focusing on the impacts of tourism or benefits systems, such binomial assumptions are not satisfactory. We argue that consumption is neither wholly endogenous nor wholly exogenous but that the degree of this distinction is rather an empirical matter. We set out a general model for the treatment of consumption expenditures and illustrate its application through the case of university students. We examine individual student groups and how the impacts of students at particular institutions. Furthermore we take into account the binding budget constraint of public expenditures (as is the case for devolved regions in the UK) and examine how this affects the impact attributed to students' consumption expenditures.

Keywords: Input-output; Impact; Higher Education; Students; Expenditures (search for similar items in EconPapers)
JEL-codes: I23 I25 R12 R15 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2013-08
New Economics Papers: this item is included in nep-edu
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Related works:
Working Paper: Consumption Expenditures in Economic Impact Studies: An Application to University Students (2013)
Working Paper: Consumption Expenditures in Economic Impact Studies: An Application to University Students (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:str:wpaper:1314

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