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

[img]
Preview
 PDF (FEC_33_1_2009_HermannssonKLisenkovaKMcGregorPSwalesK)
FEC_33_1_2009_HermannssonKLisenkovaKMcGregorPSwalesK.pdf
Final Published Version
License: Unspecified
Download (209kB)| Preview

    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 ORCID logoORCID: https://orcid.org/0000-0003-0264-9797, McGregor, Peter ORCID logoORCID: https://orcid.org/0000-0003-1221-7963 and Swales, John K.;
    Item type:Article
    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:31 Mar 2020 01:15
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/46866
    Export data:
    CORE (COnnecting REpositories)