Hermannsson, K. , Lisenkova, K., Lecca, P., McGregor, P. and Swales, K. (2014) The regional economic impact of more graduates in the labour market: a “micro-to-macro” analysis for Scotland. Environment and Planning A, 46(2), pp. 471-487. (doi: 10.1068/a45326)
|
Text
92475).pdf - Accepted Version 512kB |
Publisher's URL: http://www.envplan.com/abstract.cgi?id=a45326
Abstract
This paper explores the system-wide impact of graduates on the regional economy. Graduates enjoy a significant wage premium, often interpreted as reflecting their greater productivity relative to non-graduates. If this is so there is a clear and direct supply-side impact of HEI activities on regional economies. We use an HEI-disaggregated computable general equilibrium model of Scotland to estimate the impact of the growing proportion of graduates in the Scottish labour force that is implied by the current participation rate and demographic change, taking the graduate wage premium in Scotland as an indicator of productivity enhancement. While the detailed results vary with alternative assumptions about the extent to which wage premia reflect productivity, they do suggest that the long-term supply-side impacts of HEIs provide a significant boost to regional GDP. Furthermore, the results suggest that the supply-side impacts of HEIs are likely to be more important than the expenditure impacts that are the focus of most HEI impact studies.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Hermannsson, Professor Kristinn |
| Authors: | Hermannsson, K., Lisenkova, K., Lecca, P., McGregor, P., and Swales, K. |
| Subjects: | 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: | Environment and Planning A |
| Publisher: | Pion |
| ISSN: | 0308-518X |
| ISSN (Online): | 1472-3409 |
University Staff: Request a correction | Enlighten Editors: Update this record
Funder and Project Information
Funder and Project Information