The external benefits of higher education
Hermannsson, Kristinn and Lisenkova, Katerina and Lecca, Patrizio and McGregor, Peter G and Swales, J Kim (2017) The external benefits of higher education. Regional Studies, 51 (7). pp. 1077-1088. ISSN 0034-3404 (https://doi.org/10.1080/00343404.2016.1172062)
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Abstract
The private market benefits of education are widely studied at the micro level, although the magnitude of their macroeconomic impact is disputed. However, there are additional benefits of education, which are less well understood. In this paper the macroeconomic effects of external benefits of higher education are estimated using the "micro-to-macro" simulation approach. Two types of externalities are explored: technology spillovers and productivity spillovers in the labour market. These links are illustrated and the results suggest they could be very large. However, this is qualified by the dearth of microeconomic evidence, for which we hope to encourage further work.
ORCID iDs
Hermannsson, Kristinn, Lisenkova, Katerina ORCID: https://orcid.org/0000-0003-0264-9797, Lecca, Patrizio, McGregor, Peter G ORCID: https://orcid.org/0000-0003-1221-7963 and Swales, J Kim;-
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Item type: Article ID code: 56668 Dates: DateEvent31 July 2017Published11 July 2016Published Online22 February 2016AcceptedSubjects: Education Department: Strathclyde Business School > Economics
Strategic Research Themes > Society and Policy
Strathclyde Business School > Fraser of Allander InstituteDepositing user: Pure Administrator Date deposited: 15 Jun 2016 14:10 Last modified: 01 Oct 2024 00:24 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/56668