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The Economic Effects on Regional Australia of RUN-member Universities

Robert Waschik (), Jonathan Chew, John Madden (), Joshua Sidgwick and Glyn Wittwer

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

Abstract: The study analyses the impacts of selected regional universities on regional economies within Australia using a multi-regional CGE model, VU-TERM. Universities enhance a community's knowledge base through teaching and research, raising productivity within the region. To depict the regional economic contribution of universities, we simulate a hypothetical removal of regional campuses. We estimate demand-side shocks using expenditure patterns of university enrolees. Supply-side impacts use inputs from econometric studies estimating rates-of-return to levels of educational attainment. Armidale's local economy is hit hardest by a hypothetical removal of its university. Other regions suffering substantial losses include Ballarat, Toowoomba and Rockhampton.

Keywords: CGE Modelling; Regional Universities; Economic Contribution (search for similar items in EconPapers)
JEL-codes: C68 O18 (search for similar items in EconPapers)
Date: 2018-08
New Economics Papers: this item is included in nep-cmp and nep-ure
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