ERIC Number: ED469387
Record Type: RIE
Publication Date: 1992-Feb
Economic Impact Studies in Community Colleges: The Short Cut Method. Resource Paper. Second Edition.
Ryan, G. Jeremiah; Malgieri, Patricia
This paper offers a model for determining the economic impact of a community college on its locality. The paper argues that strict adherence to the Caffrey and Isaacs (1971) model revealed three significant problems. First, several of the Caffrey and Isaacs economic estimates are either inappropriate or less appropriate for use by community college personnel. Second, the survey of faculty and staff is difficult to adapt for a community college. Third, the retail gravity model presents certain problems to the community college economic impact indicator. The "short-cut" method presented here is designed to meet the objections of the dominant models. The paper offers the following list of information needed to calculate the four types of economic impact: (1) total college expenditures; (2) percentage of college expenditures, as reported in #1, spent in the county; (3) total student activity expenditures; (4) total number of college employees; (5) college employees who live in county; (6) total disposable income available to college employees; (7) total number of full-time students; (8) total number of part-time students; (9) average annual college-related expenditures by full-time students; (10) average annual college-related expenditures by part-time students; (11) average annual non-housing expenditures; (12) rental expenditures; (13) percentage who rent; and (14) total in-county expenditures. (NB)
Publication Type: Guides - Non-Classroom; Reports - Descriptive
Education Level: N/A
Authoring Institution: National Council for Resource Development, Washington, DC.
Note: The first edition of this guide was developed in 1981 by G. Jeremiah Ryan under the auspices of the Council of County Colleges of New Jersey.