Tertiary Education Expansion and Regional Firm Development
Tobias Schlegel (),
Curdin Pfister () and
No 166, Economics of Education Working Paper Series from University of Zurich, Department of Business Administration (IBW)
This study investigates the impact of a tertiary education expansion on regional firm development, as measured by average profits per firm. We exploit the quasi-random establishment of universities of applied sciences (UASs)--bachelor's degree-granting three-year colleges teaching and conducting applied research--to construct treatment and control groups and to apply both a difference-in-differences model and an event study design. We find that, after the establishment of new UASs in Switzerland, average profits per firm in the treated municipalities increase by 19.6% more than in the control group. This increase corresponds roughly to an additional annual growth in average profits per firm in the treatment group of 0.7%. The effects start shortly after the establishment of UASs but also persist over a period of up to 10 years.
Keywords: Higher Education and Research Institution; Innovation; Regional Firm Development; Administrative Tax Data (search for similar items in EconPapers)
JEL-codes: I23 I26 O18 O30 (search for similar items in EconPapers)
Pages: 81 pages
Date: 2020-03, Revised 2022-01
New Economics Papers: this item is included in nep-edu, nep-eur, nep-geo, nep-ino, nep-sbm and nep-ure
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Journal Article: Tertiary education expansion and regional firm development (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:iso:educat:0166
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