ERIC Number: ED102885
Record Type: RIE
Publication Date: 1973-Jun-5
Reference Count: 0
The Direct and Indirect Economic Impact of UTK [University of Tennessee, Knoxville] on the Knoxville Area, 1971-1972. Volume 13, Number 80.
Moore, John R.; Ericksen, Craig G.
In recent years colleges and universities have undertaken programs designed to interpret themselves to the larger community on an unprecedented scale. It is clear that the University of Tennessee is an important economic force on the local economy, accounting for some $123,787,021 in direct and $42,235,596 in indirect income created for a total local impact of $166,222,617. This represents over 15 percent of total local income. On the supply side, the human capital generated by the university was assigned a net present value of $687,896,769. Based on the direct spending ($134,463,536) by the university and its students, the ratio of the current value of university output measures in human capital terms to the cost of inputs is some 5.11 to 1. In an era when many public investment projects are justified by a benefit/cost ratio of just slightly more than 1 to 1, the benefit/cost ratios given for educational investments at the University of Tennessee, Knoxville, represent remarkable returns to society for its investment in education at the University of Tennessee. Statistical data accompanies the text. (Author/PG)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Tennessee Univ., Knoxville. Office of Institutional Research.