The Regional Economic Impact of More Graduates in the Labour Market: A ‘Micro-to-Macro’ Analysis for Scotland
| العنوان: | The Regional Economic Impact of More Graduates in the Labour Market: A ‘Micro-to-Macro’ Analysis for Scotland |
|---|---|
| المؤلفون: | Patrizio Lecca, J. Kim Swales, Peter McGregor, Katerina Lisenkova, Kristinn Hermannsson |
| المصدر: | Environment and Planning A: Economy and Space. 46:471-487 |
| بيانات النشر: | SAGE Publications, 2014. |
| سنة النشر: | 2014 |
| مصطلحات موضوعية: | Computable general equilibrium, Labour economics, Higher education, business.industry, media_common.quotation_subject, HB, Geography, Planning and Development, Wage, L1, Environmental Science (miscellaneous), Demographic change, Macro analysis, Institution, Economics, Economic impact analysis, business, Productivity, media_common |
| الوصف: | This paper explores the system-wide impact of graduates on the regional economy. Graduates enjoy a significant wage premium, often interpreted as reflecting their greater productivity relative to nongraduates. If this is so there is a clear and direct supply-side impact of higher education institution (HEI) activities on regional economies. We use an HEI-disaggregated computable general equilibrium model of Scotland to estimate the impact of the growing proportion of graduates in the Scottish labour force that is implied by the current participation rate and demographic change, taking the graduate wage premium in Scotland as an indicator of productivity enhancement. While the detailed results vary with alternative assumptions about the extent to which wage premia reflect productivity, they do suggest that the long-term supply-side impacts of HEIs provide a significant boost to regional GDP. Furthermore, the results suggest that the supply-side impacts of HEIs are likely to be more important than the expenditure impacts that are the focus of most HEI impact studies. Keywords: supply-side impact, higher education institutions, computable general equilibrium model |
| وصف الملف: | application/pdf |
| تدمد: | 1472-3409 0308-518X |
| DOI: | 10.1068/a45326 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1b15f5ea437f2a9a2e41358fd4660281 https://doi.org/10.1068/a45326 |
| Rights: | OPEN |
| رقم الانضمام: | edsair.doi.dedup.....1b15f5ea437f2a9a2e41358fd4660281 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 14723409 0308518X |
|---|---|
| DOI: | 10.1068/a45326 |