‘Policy scepticism’ and the impact of Scottish higher education institutions (HEIs) on their host region : accounting for regional budget constraints under devolution
Hermannsson, Kristinn and Lisenkova, Katerina and McGregor, Peter and Swales, John (2013) ‘Policy scepticism’ and the impact of Scottish higher education institutions (HEIs) on their host region : accounting for regional budget constraints under devolution. Regional Studies, n/a (n/a). n/a. ISSN 0034-3404 (https://doi.org/10.1080/00343404.2012.697139)
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Abstract
A “policy scepticism” has emerged that challenges the results of conventional regional HEI impact analyses. Its denial of the importance of the expenditure impacts of HEIs appears to be based on a belief in either a binding regional resource constraint or a regional public sector budget constraint. In this paper we provide a systematic critique of this policy scepticism. However, while rejecting the extreme form of policy scepticism, we argue that it is crucial to recognise the importance of the public-sector expenditure constraints that are binding under devolution. We show how conventional impact analyses can be augmented to accommodate regional public sector budget constraints. While our results suggest that conventional impact studies overestimate the expenditure impacts of HEIs, they also demonstrate that the policy scepticism that treats these expenditure effects as irrelevant neglects some key aspects of HEIs, in particular their export intensity.
ORCID iDs
Hermannsson, Kristinn, Lisenkova, Katerina ORCID: https://orcid.org/0000-0003-0264-9797, McGregor, Peter ORCID: https://orcid.org/0000-0003-1221-7963 and Swales, John;-
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Item type: Article ID code: 40746 Dates: DateEvent2013Published12 July 2012Published OnlineSubjects: Social Sciences > Economic Theory Department: Strathclyde Business School > Economics Depositing user: Pure Administrator Date deposited: 06 Aug 2012 14:56 Last modified: 11 Nov 2024 10:12 URI: https://strathprints.strath.ac.uk/id/eprint/40746