ERIC Number: ED160170
Record Type: RIE
Publication Date: 1978-Sep
Reference Count: 0
Economic Impacts of Maryland Community Colleges: A Closer Look.
Linthicum, Dorothy S.
The short-term impacts of public community colleges upon the business and government sectors of Maryland's economy were measured through a series of linear cash-flow formulas. In 1976-77, total direct and indirect expenditures attributable to the 17 colleges in areas of salaries, purchase of materials, and capital building improvements were almost $124 million. In addition, the state received about $9 million from taxes paid by the faculty and staff, from the federal government, and from taxes on business property allocable to college transactions. About 6,700 jobs were also available because of the colleges. Human capital studies of the long-term impacts of the colleges on students and the state reveal that, on an average, community college students in Maryland will receive almost a 27% return on their investments in higher education during their lifetimes. Social economic gains, in return for the costs of education to students and the public, were measured in terms of increased productivity; this average rate of return was about 15%. The study report includes a bibliography, appendices which outline multiplier effects, gravity theory, and business volume, and a literature review. (Author/AYC)
Descriptors: Capital Outlay (for Fixed Assets), Community Benefits, Community Colleges, Cost Effectiveness, Economic Research, Educational Benefits, Educational Economics, Expenditures, Financial Support, Human Capital, Literature Reviews, Mathematical Formulas, Mathematical Models, Productivity, Salaries, Two Year Colleges
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Maryland State Board for Community Colleges, Annapolis.
Identifiers: Economic Impact Studies; Maryland
Note: For related documents, see JC 780 462 and 780 530