The external benefits of higher education. Regional Studies. The private-market benefits of education are widely studied at the micro-level, although the magnitude of their macroeconomic impact is disputed. However, there are additional benefits of education that are less well understood. In this paper the macroeconomic effects of external benefits of higher education are estimated using the ‘micro-to-macro’ simulation approach. Two types of externalities are explored: technology spillovers and productivity spillovers in the labour market. These links are illustrated and the results suggest they could be very large. However, this is qualified by the dearth of microeconomic evidence, for which the authors hope to encourage further work.
FUNDING
This project was part of the Impact of Higher Education Institutions on Regional Economies Initiative [grant reference RES-171-25-0032], funded by the Economic and Social Research Council (ESRC), the Scottish Funding Council (SFC), the Higher Education Funding Council of England (HEFCE), the Higher Education Funding Council of Wales (HEFCW), and the Department for Employment and Learning Northern Ireland (DELNI).
This site includes records provided by Elsevier's Data Monitor product. University of Strathclyde does not control or guarantee the accuracy, relevance, or completeness of the information contained in such records and accepts no responsibility or liability for such information.
Date made available | 19 May 2023 |
---|
Publisher | figshare |
---|
Date of data production | 2016 |
---|