Do colleges and universities have a role in local and regional economic development?

Richard H. Mattoon

Profitwise, 2007, issue Oct, 1-4

Abstract: It has become almost hackneyed to suggest that we now live in a knowledgebased economy. Firms prosper and die based on their ability to add intellectual value to their products and services. Even in mature industries, such as manufacturing, the application of knowledge to enhance production techniques and increase productivity has been fundamental to competitive success. With the pace of economic change accelerating, economic development strategies that emphasize having the best human capital available to adapt to change continue to gain favor. Noted economist Edward Glaesser has demonstrated that communities with the highest educational attainment continue to adapt and prosper across differing economic eras. Glaesser?s study of the Boston economy found that it was largely due to the significant human capital in the city that Boston has been able to re-invent itself to succeed in differing economic conditions

Keywords: Education, Higher - Economic aspects; Universities and colleges; Education - Economic aspects (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.chicagofed.org/digital_assets/publicati ... ct07_web_mattoon.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhpw:y:2007:i:oct:p:1-4

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Profitwise from Federal Reserve Bank of Chicago Contact information at EDIRC.
Bibliographic data for series maintained by Lauren Wiese ().