The external benefits of higher education

Kristinn Hermannsson; Katerina Lisenkova; Patrizio Lecca; Peter G McGregor; J Kim Swales

doi:10.1080/00343404.2016.1172062

The external benefits of higher education

Kristinn Hermannsson, Katerina Lisenkova, Patrizio Lecca, Peter G McGregor, J Kim Swales

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Abstract

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, which 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 we hope to encourage further work.

Original language	English
Pages (from-to)	1077-1088
Number of pages	12
Journal	Regional Studies
Volume	51
Issue number	7
Early online date	11 Jul 2016
DOIs	https://doi.org/10.1080/00343404.2016.1172062
Publication status	Published - 31 Jul 2017

Keywords

supply-side impact
higher education institutions
computable general equilibrium model
social and external benefits

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10.1080/00343404.2016.1172062Licence: CC BY 4.0

Hermannsson-etal-RS2016-the-external-benefits-of-higher-educationFinal published version, 992 KBLicence: CC BY 4.0

http://www.tandfonline.com/loi/cres

1 Finished

The Overall Impact of Higher Education Institutions on Regional Economies in the UK
McGregor, P., Kelly, U., Swales, J. & Wright, R.
ESRC (Economic and Social Research Council)
1/04/07 → 31/08/10
Project: Research

Cite this

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The external benefits of higher education

Abstract

Keywords

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The Overall Impact of Higher Education Institutions on Regional Economies in the UK

Cite this