The impact of higher education institutions (HEIs) on the Scottish economy : new evidence from an HEI-disaggregated input-output approach
Hermannsson, Kristinn and Lisenkova, Katerina and McGregor, Peter and Swales, John K. (2009) The impact of higher education institutions (HEIs) on the Scottish economy : new evidence from an HEI-disaggregated input-output approach. Fraser of Allander Economic Commentary, 33 (1). pp. 43-47. ISSN 2046-5378
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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.
Creators(s): |
Hermannsson, Kristinn, Lisenkova, Katerina ![]() ![]() | Item type: | Article |
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ID code: | 46866 |
Keywords: | university impact, input-output, HEI, Fraser of Allander Institute, Economic Theory, Higher Education, Economics, Econometrics and Finance(all) |
Subjects: | Social Sciences > Economic Theory Education > Theory and practice of education > Higher Education |
Department: | Strathclyde Business School > Economics Strathclyde Business School > Fraser of Allander Institute |
Depositing user: | Pure Administrator |
Date deposited: | 25 Feb 2014 10:58 |
Last modified: | 14 Jan 2021 01:51 |
Related URLs: | |
URI: | https://strathprints.strath.ac.uk/id/eprint/46866 |
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