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Towards the estimation of the economic value of the outputs of Scottish Higher Education Institutions

Kelly, Ursula and McNicoll, Iain and McLellan, Donald (2005) Towards the estimation of the economic value of the outputs of Scottish Higher Education Institutions. [Report]

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Abstract

This report is the outcome of a preliminary scoping study undertaken for the Scottish Higher Education Funding Council and Universities Scotland Knowledge Transfer Taskforce during the three month period April - June 2005. The study focussed on the feasibility of developing an economically meaningful approach to measurement of Scottish higher education institutional outputs in monetary terms. The growing policy emphasis on higher education's role in the economy has led to an increasing need for quantitative analysis of the value to the economy of what a HEI does (that is, as a producer of specifically educational goods) - over and above the economic benefits that arise from the mere fact of the HEI doing something (that is, as a producer of general unspecified goods).