'Policy Scepticism' and the impact of Scottish higher education institutions (HEIs) on their host region : accounting for regional budget constraints under devolution

Hermannsson, Kristinn and Lisenkova, Katerina and McGregor, Peter G. and Swales, J. Kim (2014) 'Policy Scepticism' and the impact of Scottish higher education institutions (HEIs) on their host region : accounting for regional budget constraints under devolution. Regional Studies, 48 (2). pp. 400-417. ISSN 0034-3404 (https://doi.org/10.1080/00343404.2012.697139)

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Abstract

Hermannsson K., Lisenkova K., McGregor P. G. and Swales J. K. 'Policy scepticism' and the impact of Scottish higher education institutions (HEIs) on their host region: accounting for regional budget constraints under devolution, Regional Studies . A 'policy scepticism' has emerged that challenges the results of conventional regional higher education institution (HEI) impact analyses. This paper provides a systematic critique of such scepticism. While rejecting its extreme form, the limiting effect of the binding public-sector expenditure constraints under devolution is noted and it is shown how conventional impact analyses can be augmented to accommodate these constraints. While the results suggest that conventional impact studies overestimate the expenditure impacts of HEIs, they also demonstrate that the policy scepticism that treats these expenditure effects as irrelevant neglects some key aspects of HEIs, in particular their export intensity.

ORCID iDs

Hermannsson, Kristinn, Lisenkova, Katerina ORCID logoORCID: https://orcid.org/0000-0003-0264-9797, McGregor, Peter G. ORCID logoORCID: https://orcid.org/0000-0003-1221-7963 and Swales, J. Kim;
  • Item type:Article
    ID code:57836
    Dates:
    Date
    Event
    2014
    Published
    12 July 2012
    Published Online
    Keywords:higher education institution, impact study, multipliers, devolution, Economic Theory, Public Finance, Environmental Science(all), Social Sciences(all), Economics, Econometrics and Finance(all)
    Subjects:Social Sciences > Economic Theory
    Social Sciences > Public Finance
    Department:Strathclyde Business School > Economics
    Depositing user: Pure Administrator
    Date deposited:19 Sep 2016 08:57
    Last modified:24 Sep 2022 02:20
    URI:https://strathprints.strath.ac.uk/id/eprint/57836
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