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ERIC Number: ED560109
Record Type: Non-Journal
Publication Date: 2015-Mar
Pages: 20
Abstractor: ERIC
Reference Count: 26
ISBN: 978-1-84036-335-7
ISSN: N/A
The Economic Impact of Queen's University Belfast on the Northern Ireland Economy. Higher Education in Focus
Kelly, Ursula; McNicoll, Iain; White, James
Universities UK
This study provides an analysis of the economic impact of Queen's University Belfast and its students on the Northern Ireland economy. Based in the City of Belfast, the university has over 22,500 students. Its turnover of nearly £290 million makes it Northern Ireland's largest university in terms of its financial standing. With origins going back to 1845 as Queen's College, the university gained formal independent university status in 1908. It has an extensive portfolio of teaching and research across 20 schools and 11 specialist institutes covering a range of disciplines including the sciences, social sciences, computing, engineering, arts and humanities, law, medicine, pharmacy, and nursing. This report's primary aim is to assess the economic impact of the university as a business generating economic activity and contributing to Northern Ireland in terms of the jobs, output, and "Gross Value Added" (GVA) generated in a "snapshot year". The report presents key economic aspects of Queen's University Belfast (QUB) in the academic and financial year 2012-13 and its impact on Northern Ireland and on the rest of the United Kingdom. 2012-13 was the most recent year for which the relevant Higher Education Statistics Agency (HESA) data was available. Major economic characteristics of the university are examined, including its revenue, expenditure, and employment. The study also includes modeled analysis of the economic activity generated in other sectors of the economy through the secondary or "knock-on" effects of the expenditure of the university and its students. This analysis used a two-stage approach to the estimation of the economic impact of the university: (1) The impact of the university on the United Kingdom was modeled, using a purpose-designed economic model of the United Kingdom; and (2) A Location Quotient approach was used to estimate the share of the university's impact likely to have accrued to Northern Ireland. The model used was a "Type II" input-output model based on data derived from the United Kingdom Input-Output tables and related Office for National Statistics data. The model had been specifically designed to analyse higher education impact and was updated in 2013 to undertake a United Kingdom-wide study of higher education for Universities UK along with studies of the nine regions of England. This modeling system and analysis framework has also been used for a study of higher education in Wales as well as studies of individual institutions. Institutional income and expenditure data was sourced from HESA and student expenditure data from surveys undertaken for the United Kingdom Department for Business, Innovation and Skills (BIS). The following are appended: (1) Methodology and Data Sources; and (2) References and Bibliography.
Universities UK. Woburn House, 20 Tavistock Square, London, WC1H 9HQ, UK. Tel: +44-20-7419-4111; Fax: +44-20-7388-8649; e-mail: info@universitiesuk.ac.uk; Web site: http://www.universitiesuk.ac.uk
Publication Type: Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Universities UK (England)
Identifiers - Location: United Kingdom (Northern Ireland)