The external benefits of higher education

Hermannsson, K. , Lisenkova, K., Lecca, P., McGregor, P. G. and Swales, J. K. (2017) The external benefits of higher education. Regional Studies, 51(7), pp. 1077-1088. (doi: 10.1080/00343404.2016.1172062)

[img]
Preview
Text
118791.pdf - Accepted Version

613kB

Abstract

The private market benefits of education are widely studied at the micro level, although the magnitude of their macroeconomic impact is disputed. However, there are additional benefits of education, which are less well understood. In this paper the macroeconomic effects of external benefits of higher education are estimated using the “micro-to-macro” simulation approach. Two types of externalities are explored: technology spillovers and productivity spillovers in the labour market. These links are illustrated and the results suggest they could be very large. However, this is qualified by the dearth of microeconomic evidence, for which we hope to encourage further work.

Item Type:Articles
Additional Information:This project was part of the Impact of Higher Education Institutions on Regional Economies Initiative RES-171-25-0032, funded by the Economic and Social Research Council (ESRC), the Scottish Funding Council (SFC), the Higher Education Funding Council of England (HEFCE), the Higher Education Funding Council of Wales (HEFCW) and the Department for Employment and Learning Northern Ireland (DELNI).
Keywords:Supply-side impact, higher education institutions, computable general equilibrium model, social and external benefits.
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Hermannsson, Dr Kristinn
Authors: Hermannsson, K., Lisenkova, K., Lecca, P., McGregor, P. G., and Swales, J. K.
Subjects:H Social Sciences > HB Economic Theory
L Education > L Education (General)
College/School:College of Social Sciences > School of Education
College of Social Sciences > School of Education > Educational Leadership & Policy
Journal Name:Regional Studies
Publisher:Taylor and Francis
ISSN:0034-3404
ISSN (Online):1360-0591
Published Online:11 July 2016
Copyright Holders:Copyright © 2016 Regional Studies Association
First Published:First published in Regional Studies 51(7): 1077-1088
Publisher Policy:Reproduced in accordance with the publisher copyright policy

University Staff: Request a correction | Enlighten Editors: Update this record

Project CodeAward NoProject NamePrincipal InvestigatorFunder's NameFunder RefLead Dept
464781The overall impact of HEIs on regional economies in the UK.Richard HarrisEconomic & Social Research Council (ESRC)RES-171-25-0032BUS - ECONOMICS