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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Official URL: https://doi.org/10.1080/03075079.2014.899338

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.

Author(s):	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
Item type:	Article
ID code:	47003
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:	06 Sep 2019 03:14
Related URLs:	Journal or Publication
URI:	https://strathprints.strath.ac.uk/id/eprint/47003
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