Author: Harris Richard I. D.
Publisher: Routledge Ltd
ISSN: 0042-0980
Source: Urban Studies, Vol.34, Iss.4, 1997-04, pp. : 605-626
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Abstract
This study measures the local impact using various detailed databases which allow more accurate measurement of, for example, the amount the University spends in the local economy rather than elsewhere. In order to assess the total (i.e. direct, indirect and induced) effects of direct University spending, an input-output table was constructed. This table is not based on the more usual non-survey approach, but on direct information on sales, imports and exports which were collected through survey work. Thus, it is argued that the present estimates provide more accuracy than has generally been possible in other studies. Using these various databases, it was estimated that in 1994/95 total expenditure by the university sector in the local economy amounted to 38.5m. This direct expenditure was estimated to result in an output multiplier effect of between 1.24 and 1.73, although it is argued that the higher (type 2) multipliers are more likely to reflect the full impact of the University. In terms of employment, between 1029 and 1490 jobs are dependent on the university sector, in addition to the 1885 directly employed by the University. Thus, in the absence of the University it is estimated that the local economy would employ something like 3375 fewer people.
Related content
The impact of planning on local business rents
By Henneberry John Mcgough Tony Mouzakis Fotis
Urban Studies, Vol. 42, Iss. 3, 2005-03 ,pp. :
Local land-use controls and demographic outcomes in a booming economy
By Quigley John Raphael Steven Rosenthal Larry
Urban Studies, Vol. 41, Iss. 2, 2004-02 ,pp. :
'Need not greed': understanding and harnessing your local informal economy
Benefits, Vol. 15, Iss. 2, 2007-6 ,pp. :