The expenditure impacts of individual higher education institutions and their students on the Scottish economy under a regional government budget constraint : homogeneity or heterogeneity?
Hermannsson, Kristinn and Lisenkova, Katerina and McGregor, Peter G and Swales, J Kim (2013) The expenditure impacts of individual higher education institutions and their students on the Scottish economy under a regional government budget constraint : homogeneity or heterogeneity? Environment and Planning A, 45 (3). pp. 710-727. ISSN 0308-518X (https://doi.org/10.1068/a45233)
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Abstract
Comparing each of the higher education institutions (HEIs) as a separate sector in the Scottish input–output table suggests that their expenditure patterns are homogenous and that any apparent heterogeneity in their conventional demand impacts depends primarily on scale. However, a disaggregation of their income by source reveals a disparity in their degree of dependence upon funding from the devolved Scottish Government. Acknowledging the binding budget constraint of the Scottish Government, and deriving balanced-expenditure multipliers, reveals large differences in the net-expenditure impact of HEIs upon the Scottish economy, with the source of variation being the origin of income. Applying a novel treatment of student expenditure impacts through identifying the amount of exogenous spending per student further increases the heterogeneity of the overall expenditure effects. These issues have particular importance for many governments facing increasing pressure to reduce their overall budgets.
ORCID iDs
Hermannsson, Kristinn, Lisenkova, Katerina ORCID: https://orcid.org/0000-0003-0264-9797, McGregor, Peter G ORCID: https://orcid.org/0000-0003-1221-7963 and Swales, J Kim;-
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Item type: Article ID code: 40716 Dates: DateEvent31 March 2013PublishedSubjects: Social Sciences > Economic Theory Department: Strathclyde Business School > Economics
Strathclyde Business School > Fraser of Allander Institute
Strategic Research Themes > Society and PolicyDepositing user: Pure Administrator Date deposited: 03 Aug 2012 09:44 Last modified: 21 Oct 2024 00:18 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/40716