The impact of higher education institutions (HEIs) on the Scottish economy: new evidence from an HEI-disaggregated input-output approach

Kristinn Hermannsson, Katerina Lisenkova, Peter McGregor, John K. Swales

Research output: Contribution to journalArticle

Abstract

This paper measures the regional demand impacts on output and employment of Scottish Higher Education Institutions (HEIs) based on Input-Output tables for the year 2006. The HEI disaggregated table was developed from existing Input-Output tables using supplementary data from HESA and purchasing data for Scottish universities. We calculate direct, indirect and induced impacts. Most of the existing literature focuses on individual institutions by employing Keynesian Multiplier or Input-Output analysis. This paper adds to the literature by providing the first systematic study of all individual HEIs using a common framework of analysis. The results suggest that HEIs may have substantial regional economic impacts both in terms of output and employment. Furthermore analysis of the HEIs’ income sources suggests they are more export intensive than is commonly acknowledged, which motivates a re-evaluation of the appropriate counterfactual in regional impact studies of HEIs.
LanguageEnglish
Pages43-47
Number of pages5
JournalFraser of Allander Economic Commentary
Volume33
Issue number1
Publication statusPublished - Jun 2009

Fingerprint

Higher education institutions
New economy
Input-output table
Input-output analysis
Impact studies
Income
Regional economics
Purchasing
Multiplier
Economic impact
Evaluation

Keywords

  • university impact
  • input-output
  • HEI
  • Fraser of Allander Institute

Cite this

@article{a2e20f51f160458f9515caeeca11bcf6,
title = "The impact of higher education institutions (HEIs) on the Scottish economy: new evidence from an HEI-disaggregated input-output approach",
abstract = "This paper measures the regional demand impacts on output and employment of Scottish Higher Education Institutions (HEIs) based on Input-Output tables for the year 2006. The HEI disaggregated table was developed from existing Input-Output tables using supplementary data from HESA and purchasing data for Scottish universities. We calculate direct, indirect and induced impacts. Most of the existing literature focuses on individual institutions by employing Keynesian Multiplier or Input-Output analysis. This paper adds to the literature by providing the first systematic study of all individual HEIs using a common framework of analysis. The results suggest that HEIs may have substantial regional economic impacts both in terms of output and employment. Furthermore analysis of the HEIs’ income sources suggests they are more export intensive than is commonly acknowledged, which motivates a re-evaluation of the appropriate counterfactual in regional impact studies of HEIs.",
keywords = "university impact, input-output, HEI, Fraser of Allander Institute",
author = "Kristinn Hermannsson and Katerina Lisenkova and Peter McGregor and Swales, {John K.}",
year = "2009",
month = "6",
language = "English",
volume = "33",
pages = "43--47",
journal = "Fraser of Allander Economic Commentary",
issn = "2046-5378",
publisher = "University of Strathclyde",
number = "1",

}

TY - JOUR

T1 - The impact of higher education institutions (HEIs) on the Scottish economy

T2 - Fraser of Allander Economic Commentary

AU - Hermannsson, Kristinn

AU - Lisenkova, Katerina

AU - McGregor, Peter

AU - Swales, John K.

PY - 2009/6

Y1 - 2009/6

N2 - This paper measures the regional demand impacts on output and employment of Scottish Higher Education Institutions (HEIs) based on Input-Output tables for the year 2006. The HEI disaggregated table was developed from existing Input-Output tables using supplementary data from HESA and purchasing data for Scottish universities. We calculate direct, indirect and induced impacts. Most of the existing literature focuses on individual institutions by employing Keynesian Multiplier or Input-Output analysis. This paper adds to the literature by providing the first systematic study of all individual HEIs using a common framework of analysis. The results suggest that HEIs may have substantial regional economic impacts both in terms of output and employment. Furthermore analysis of the HEIs’ income sources suggests they are more export intensive than is commonly acknowledged, which motivates a re-evaluation of the appropriate counterfactual in regional impact studies of HEIs.

AB - This paper measures the regional demand impacts on output and employment of Scottish Higher Education Institutions (HEIs) based on Input-Output tables for the year 2006. The HEI disaggregated table was developed from existing Input-Output tables using supplementary data from HESA and purchasing data for Scottish universities. We calculate direct, indirect and induced impacts. Most of the existing literature focuses on individual institutions by employing Keynesian Multiplier or Input-Output analysis. This paper adds to the literature by providing the first systematic study of all individual HEIs using a common framework of analysis. The results suggest that HEIs may have substantial regional economic impacts both in terms of output and employment. Furthermore analysis of the HEIs’ income sources suggests they are more export intensive than is commonly acknowledged, which motivates a re-evaluation of the appropriate counterfactual in regional impact studies of HEIs.

KW - university impact

KW - input-output

KW - HEI

KW - Fraser of Allander Institute

UR - http://www.strath.ac.uk/fraser/

UR - http://www.strath.ac.uk/frasercommentary/

M3 - Article

VL - 33

SP - 43

EP - 47

JO - Fraser of Allander Economic Commentary

JF - Fraser of Allander Economic Commentary

SN - 2046-5378

IS - 1

ER -