How much does a single graduation cohort from further education colleges contribute to an open regional economy?

Kristinn Hermannsson, Patrizio Lecca and J. Kim Swales

Spatial Economic Analysis, 2017, vol. 12, issue 4, 429-451

Abstract: How much does a single graduation cohort from further education colleges contribute to an open regional economy? Spatial Economic Analysis. This paper combines elements of growth accounting and numerical general equilibrium analysis to produce an alternative micro-to-macro modelling approach. This is used to evaluate the macroeconomic impact on the Scottish economy of the human capital generated by a single graduation cohort from further education colleges. The macroeconomic impact is found to be significant and larger than growth accounting would suggest due to the associated endogenous investment, employment and competitiveness effects. From a policy perspective this identifies the importance of the conventional teaching role of education institutions and the key function played by further education colleges in this process.

Date: 2017
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Related works:
Working Paper: How much does a single graduation cohort from further education colleges contribute to an open regional economy? (2014)
Working Paper: How much does a single graduation cohort from further education colleges contribute to an open regional economy (2014)
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DOI: 10.1080/17421772.2017.1316417

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