ERIC Number: ED419451
Record Type: Non-Journal
Publication Date: 1998-Mar
Reference Count: N/A
The Economic Impact of University Research.
Martin, Fernand; Trudeau, Marc
Research File, v2 n3 Mar 1998
This report summarizes the findings of a study which used traditional input-output economic models merged with recent understandings of new growth theory to measure and assess both the static and dynamic economic impact of university research, especially in Canada. The study highlights were: (1) university research is a powerful stimulus for economic development, leading to measurable increases both in gross domestic product (GDP) and employment; (2) university research in Canada sustains $5 billion of GDP and results in more than 81,000 jobs, almost 1 percent of Canada's 1994-95 GDP and more than 0.5 percent of all the nation's jobs; (3) university research has a profound effect on the underlying productivity of the economy; (4) university research has the potential to produce breakthrough advances that can fundamentally alter economic growth and quality of life; (5) university research also has an economic impact by equipping students with the ability to generate new ideas and research skills; and (6) the total dynamic impact of university research in Canada amounts to around $15.5 billion each year, which corresponds to approximately 150,000 to 200,000 jobs. (DB)
Descriptors: Adoption (Ideas), Diffusion (Communication), Economic Development, Economic Impact, Economic Progress, Foreign Countries, Higher Education, Productivity, Research and Development, Research Universities, Research Utilization, School Business Relationship, School Community Relationship, Universities
Publications Office, Association of Universities and Colleges of Canada, 350 Albert St., Suite 600, Ottawa, Ontario K1R 1B1.
Publication Type: Collected Works - Serials; Reports - Evaluative
Education Level: N/A
Authoring Institution: Association of Universities and Colleges of Canada, Ottawa (Ontario).
Identifiers - Location: Canada