Work

Estimating the long‐term economic impacts of Spanish universities on the national economy

Year: 2016

Type: article

Abstract: In contrast to previous studies on the economic impact of universities that focus on the demand side, this study centres on universities' effects on the supply side of the economy. Through a case study of the Spanish University System, this paper proposes a methodology based on counterfactual scenarios and growth accounting to estimate the long-term impacts of universities on their regional economies. Our study evaluates the stylized impacts of universities' activities on human capital, salaries and occupation of the working age population, on generation of technological capital and, finally, on the GDP growth of the Spanish economy in the period 1989–2010.

Source: Papers of the Regional Science Association

DOI: 10.1111/pirs.12157

Authors: José M. Pastor, Carlos Peraita, Francisco Pérez

Institutions: Universitat de València, Instituto Valenciano de Investigaciones Económicas

Language: English

Topic: Human Resources and Workforce

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $2,740