'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

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Official URL: https://doi.org/10.1080/00343404.2012.697139

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.

Creators(s):	Hermannsson, Kristinn, Lisenkova, Katerina ORCID: https://orcid.org/0000-0003-0264-9797, McGregor, Peter G. ORCID: https://orcid.org/0000-0003-1221-7963 and Swales, J. Kim;
Item type:	Article
ID code:	57836
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:	12 Feb 2021 03:54
URI:	https://strathprints.strath.ac.uk/id/eprint/57836
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