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ERIC Number: ED397738
Record Type: Non-Journal
Publication Date: 1996-May
Pages: 35
Abstractor: N/A
Reference Count: N/A
The Local Impact of Higher Education. AIR 1996 Annual Forum Paper.
Stokes, Kevin
This paper classifies the university economic impacts on a local community into their short- and long-term effects. The study then offers a classification scheme of university communities by the size of their regions and by their influences. Next, the paper suggests ways that economic impacts vary across university types and describes and critiques examples of short- and long-term studies that have been done. The local expenditure impact of a university is immediately noticeable. Knowledge impacts affect the community over a longer term. The extent of the economic impact of a college or university is related to the range of its influence and the character of the community in which it is located. Institutions in college towns have large regional expenditure and small knowledge impacts; metropolitan schools with regional reputations have small expenditure and large knowledge impacts. Economic impact studies previously done include income expenditure studies, American Council of Education studies, economic base studies, input-output studies, econometric studies, and knowledge impact studies. Seven exhibits presenting the data are included. (Contains 86 references.) (CK)
Publication Type: Reports - Descriptive; Speeches/Meeting Papers
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A