The expenditure impacts of London's higher education institutions
The Role of Diverse Income Sources
Bibliographic Data
| ID | 4096550 |
|---|---|
| Authors | Kristinn Hermannsson (0000-0001-9957-3914, University of Glasgow, corresponding author), Katerina Lisenkova (0000-0003-0264-9797, National Institute of Economic and Social Research), Peter G Mcgregor (0000-0003-1221-7963, University of Strathclyde), John Swales (University of Strathclyde), J Kim Swales |
| Year | 2015 |
| Volume | 40 |
| Issue | 9 |
| Pages | 1641-1659 |
| Publication date | 2015-10-21 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Studies in Higher Education (JOURNAL) |
| Journal identifiers | ISSN: 0307-5079 • E-ISSN: 1470-174X |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/03075079.2014.899338 |
| OpenAlex | W2016135951 |
| Language | EN |
| Citations received | 4 |
| References cited | 26 |
This paper analyses the impact of London-based higher education institutions (HEIs) on the English economy. When we treat each of the HEIs as separate sectors in conventional input-output analysis, their expenditure impacts appear rather homogenous, with the apparent heterogeneity of their overall impacts being primarily driven by scale. However, a disaggregation of income by source reveals considerable variation in their dependence upon public funding and ability to draw in income/funding from external sources. Acknowledging the possible alternative uses of the public funding and deriving balanced expenditure multipliers reveals large differences in the net-expenditure impact with the source of variation being the origin of income. The institutional multiplier is driven by the ability to attract external funding, which would typically favour research-intensive institutions. However, the impacts of students’ consumption expenditures are also significant. In terms of ranking of multipliers the overall results are mixed
Demographic economics · Economic growth · Economic impact analysis · Economics · Geography · Higher education · Macroeconomics · Microeconomics · Public economics · Public expenditure · Public finance · Sociology · Fiscal Policy and Economic Growth · Human Resources and Workforce · Regional Economics and Spatial Analysis
Input-Output Analysis
Higher Learning, Greater Good
Spatial knowledge spillovers and university research
The Returns to Education
Human capital, graduate migration and innovation in British regions
Assessing the Regional Economic Development Impacts of Universities
The Economics of Education
Geographic and sectoral characteristics of academic knowledge externalities
Urbanization, productivity, and innovation
Local Geographic Spillovers between University Research and High Technology Innovations
The Impact of the University of Portsmouth on the Local Economy
A Local Input‐output Table
The Economtc Impact of a New University
A Typology and Assessment of Multi-sector Regional Economic Impact Models
Knowledge Spillovers, Agglomeration and Macroeconomic Growth
Human Capital Formation and Local Economic Performance
Policy Scepticism’ and the Impact of Scottish Higher Education Institutions (HEIs) on their Host Region
The Expenditure Impacts of Individual Higher Education Institutions and Their Students on the Scottish Economy under a Regional Government Budget Constraint
The Regional Economic Impact of More Graduates in the Labour Market
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,44 |
| Citation span | 2017 - 2025 (9) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 4 |