CGE EVALUATION OF A UNIVERSITY'S EFFECTS ON A REGIONAL ECONOMY: AN INTEGRATED ASSESSMENT OF EXPENDITURE AND KNOWLEDGE IMPACTS
James Giesecke and
John Madden ()
Review of Urban & Regional Development Studies, 2006, vol. 18, issue 3, 229-251
In recent years many universities have commissioned studies of the effects of their institutions on their local economies. Typically, these impact studies have concentrated on the demandâ€ side stimuli to the regional economy that the university generates. Normally, the studies are undertaken with comparativeâ€ static inputâ€ output models. The present study employs a dynamic multiregional computable general equilibrium model to investigate supplyâ€ side as well as demandâ€ side effects. There are a range of supplyâ€ side effects that have been investigated in the spatial econometrics literature. The supplyâ€ side impacts of the university that we examine in particular are a rise in the average skill level of the local workforce, and successful R&D outcomes. CGE modelling allows simulation of the associated productivity effects, while the dynamic features of the model allow for consequent effects on a region's population and capital stock growth rates to be taken into account.
References: Add references at CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:revurb:v:18:y:2006:i:3:p:229-251
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0917-0553
Access Statistics for this article
More articles in Review of Urban & Regional Development Studies from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().