The Effects of Universities on Local Economy: The Case Study of Bursa Uludag University (Üniversitelerin Yerel Ekonomiye Etkileri: Bursa Uludağ Üniversitesi Örneği)

Volkan Gursel, Cem Okan Tuncel and Serdar Geldimyradov
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Volkan Gursel: Bursa Uludag University
Cem Okan Tuncel: Bursa Uludag University
Serdar Geldimyradov: serdargm1994@gmail.com

Business and Economics Research Journal, 2021, vol. 12, issue 3, 613-627

Abstract: Universities have a positive influence on the cities not only in terms of cultural and social aspects but also in economic aspects. Due to students’ expenditures, universities make a contribution to urban economic growth in the cities where they located. The main goal of this study is to investigate the direct, indirect, and induced effects of Bursa Uludag University on the Bursa economy. In this study, the information compiled from spending units of the university, and data gathering from 381 students of Bursa Uludag University are used. According to data analyzing results, Bursa Uludag University created a total of 1.21 billion Turkish Lira (TL) direct and indirect income, and 13,870 direct and indirect employment in the Bursa economy in 2018. As a result, induced income effect and induced employment effect of Bursa Uludag University are estimated as 2.57 billion TL and 21,227 employees respectively.

Keywords: Urban Economy; Bursa Economy; University; Students’ Expenditure; Economic Impact (search for similar items in EconPapers)
JEL-codes: I23 O10 (search for similar items in EconPapers)
Date: 2021
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