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Impact of HEIs on the Scottish economy: new evidence from an HEI-disaggregated input-output approach

McGregor, P.G. and Hermannsson, K. and Lisenkova, K. and Swales, J.K. (2009) Impact of HEIs on the Scottish economy: new evidence from an HEI-disaggregated input-output approach. Fraser Economic Commentary.

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Abstract

This paper measures the regional demand impacts on output and employment of Scottish Higher Education Institutions (HEIs) based on Input-Output tables for the year 2006. The HEI disaggregated table was developed from existing Input-Output tables using supplementary data from HESA and purchasing data for Scottish universities. We calculate direct, indirect and induced impacts. Most of the existing literature focuses on individual institutions by employing Keynesian Multiplier or Input-Output analysis. This paper adds to the literature by providing the first systematic study of all individual HEIs using a common framework of analysis. The results suggest that HEIs may have substantial regional economic impacts both in terms of output and employment. Furthermore analysis of the HEIs' income sources suggests they are more export intensive than is commonly acknowledged, which motivates a re-evaluation of the appropriate counterfactual in regional impact studies of HEIs. Keywords: HEIs, University Impact, Input-Output.

Item type: Other
ID code: 15447
Keywords: HEIs, Scottish economy, input-output approach, Economic Theory
Subjects: Social Sciences > Economic Theory
Department: Strathclyde Business School > Economics
Depositing user: Mrs Kirsty Fontanella
Date Deposited: 16 Feb 2010 12:18
Last modified: 22 May 2015 08:35
URI: http://strathprints.strath.ac.uk/id/eprint/15447

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