The expenditure impacts of London's higher education institutions : the role of diverse income sources

Hermannsson, Kristinn and Lisenkova, Katerina and McGregor, Peter and Swales, John (2015) The expenditure impacts of London's higher education institutions : the role of diverse income sources. Studies in Higher Education, 40 (9). pp. 1641-1659. ISSN 0307-5079

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Abstract

This paper analyses the impact of London-based higher education institutions (HEIs) on the English economy. When we treat each of the HEIs as separate sectors in conventional input-output analysis, their expenditure impacts appear rather homogenous, with the apparent heterogeneity of their overall impacts being primarily driven by scale. However, a disaggregation of income by source reveals considerable variation in their dependence upon public funding and ability to draw in income/funding from external sources. Acknowledging the possible alternative uses of the public funding and deriving balanced expenditure multipliers reveals large differences in the net-expenditure impact with the source of variation being the origin of income. The institutional multiplier is driven by the ability to attract external funding, which would typically favour research-intensive institutions. However, the impacts of students’ consumption expenditures are also significant. In terms of ranking of multipliers the overall results are mixed.

ORCID iDs

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;
  • Item type:Article
    ID code:47003
    Dates:
    Date
    Event
    21 October 2015
    Published
    4 June 2014
    Published Online
    1 January 2014
    Accepted
    Keywords:expenditure impacts, London, higher education , diverse income sources, student consumption, Education, Education
    Subjects:Education
    Department:Strathclyde Business School > Economics
    Depositing user: Pure Administrator
    Date deposited:28 Feb 2014 11:39
    Last modified:20 Jan 2021 21:05
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/47003
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