Students’ consumption expenditures in economic impact studies
Assumptions revisited in an input–output approach for Scotland
Bibliographic Data
| ID | 7366830 |
|---|---|
| Authors | Kristinn Hermannsson (0000-0001-9957-3914, corresponding author), Peter G Mcgregor (0000-0003-1221-7963), John Swales |
| Year | 2018 |
| Volume | 5 |
| Issue | 1 |
| Pages | 57-77 |
| Publication date | 2018-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Regional Studies Regional Science (JOURNAL) |
| Journal identifiers | ISSN: 2168-1376 • E-ISSN: 2168-1376 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/21681376.2018.1428499 |
| OpenAlex | W2787408127 |
| Language | EN |
| Citations received | 2 |
| References cited | 26 |
This paper revisits the application of impact-study methods to the consumption expenditures of students. Whilst the academic literature on the subject is mature, it has traditionally applied simplifying assumptions concerning the exogeneity of expenditures, which tend to over- or underestimate the impact of local students, depending on the particular approach adopted. To resolve this issue, we invoke the principles of input–output analysis and specify a model where consumption expenditures can be partially endogenous and partially exogenous. The origin of the income used to fund consumption expenditures determines their exogeneity. This model is calibrated using the results from an income-expenditure survey. These general issues are relevant to any application of impact analysis where the initial injection is a consumption expenditure shock. The approach is demonstrated using Scottish data for 2013. Figures are produced, on a comparable basis, for the effects of the consumption expenditure of students from each of the Scottish higher education institutions (HEIs). We demonstrate that the biases introduced by employing the assumptions usually adopted in the literature are particularly distorting for HEIs that largely serve local students
Aggregate expenditure · Consumer Expenditure Survey · Consumption (sociology · Econometrics · Economics · Endogeneity · Macroeconomics · Microeconomics · Public economics · Shock (circulatory · Sociology · Facilities and Workplace Management · Human Resources and Workforce · Thermal Expansion and Ionic Conductivity
Input-Output Analysis
Higher Learning, Greater Good
Assessing the Regional Economic Development Impacts of Universities
Over-educated, over-exuberant and over here? The impact of students on cities
A review of recent multi-region input–output models used for consumption-based emission and resource accounting
The Rapidity of Studentification and Population Change
The Impact of the University of Portsmouth on the Local Economy
Student Impacts on Urban Neighbourhoods
The Local Income and Employment Impact of Lancaster University
The Economic Effect of Urban Colleges on their Surrounding Communities
The Economtc Impact of a New University
A Typology and Assessment of Multi-sector Regional Economic Impact Models
Computable General Equilibrium (CGE) Modelling for Regional Economic Development Analysis
Input‐Output Modelling of the Urban and Regional Economy
The Regional Economic Impact of Overseas Students in the UK
Policy Scepticism’ and the Impact of Scottish Higher Education Institutions (HEIs) on their Host Region
Reconsidering the Regional Economic Development Impacts of Higher Education Institutions in the United States
Students in Cities
The Expenditure Impacts of Individual Higher Education Institutions and Their Students on the Scottish Economy under a Regional Government Budget Constraint
The expenditure impacts of London's higher education institutions
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,29 |
| Citation span | 2019 - 2021 (3) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |