The role of colleges and universities in building local human capital

Jaison Abel and Richard Deitz

Current Issues in Economics and Finance, 2011, vol. 17, issue Oct

Abstract: Colleges and universities can contribute to the economic success of a region by deepening the skills and knowledge?or human capital?of its residents. Producing graduates who join the region?s educated workforce is one way these institutions increase human capital levels. In addition, the knowledge and technologies created through research activities at area universities may not only attract new firms to a region but also help existing businesses expand and innovate. These ?spillover effects? can in turn raise the region?s demand for high-skilled workers.

Keywords: Regional economics; Universities and colleges; Technology - Economic aspects; Human capital; Research (search for similar items in EconPapers)
Date: 2011
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