IDEAS home Printed from https://ideas.repec.org/a/eee/lauspo/v85y2019icp290-301.html
   My bibliography  Save this article

Universities’ global research ambitions and their localised effects

Author

Listed:
  • Morrison, Nicola
  • Szumilo, Nikodem

Abstract

The world’s top universities compete for the best international students and staff whilst remaining socially, politically and economically intertwined with the cities that they are located in. This paper analyses this relationship through the lens of the housing market to show the impact of universities’ global research centres on local house price within five of UK’s historic cities. To date, these complex effects have been largely ignored in local and regional modelling. By applying a novel spatio-temporal model, we find that the spatial house price effects are much more pronounced in Cambridge than that witnessed in the other comparable UK cities. This not only suggests the relationship between the university and city economy is more interrelated but that its research centres may create localised spill over effects on both businesses and residents. Whilst these relationships are likely to differ across locations, housing shortages remain a universal concern. This suggests that to sustaininternational competitiveness of cities requires sound planning and housing policies that support universities’ growth trajectories.

Suggested Citation

  • Morrison, Nicola & Szumilo, Nikodem, 2019. "Universities’ global research ambitions and their localised effects," Land Use Policy, Elsevier, vol. 85(C), pages 290-301.
    • Handle: RePEc:eee:lauspo:v:85:y:2019:i:c:p:290-301
    DOI: 10.1016/j.landusepol.2019.03.017
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0264837718302540
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.landusepol.2019.03.017?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Fiona M. Haslam McKenzie & Steven Rowley, 2013. "Housing Market Failure in a Booming Economy," Housing Studies, Taylor & Francis Journals, vol. 28(3), pages 373-388, April.
    2. Jesse M. Shapiro, 2006. "Smart Cities: Quality of Life, Productivity, and the Growth Effects of Human Capital," The Review of Economics and Statistics, MIT Press, vol. 88(2), pages 324-335, May.
    3. Maribel Guerrero & David Urbano, 2014. "Academics’ start-up intentions and knowledge filters: an individual perspective of the knowledge spillover theory of entrepreneurship," Small Business Economics, Springer, vol. 43(1), pages 57-74, June.
    4. Jean Dubé & Diègo Legros, 2013. "A spatio-temporal measure of spatial dependence: An example using real estate data," Papers in Regional Science, Wiley Blackwell, vol. 92(1), pages 19-30, March.
    5. A. Varga, 2006. "Spatial Knowledge Spillovers and University Research: Evidence from Austria," Springer Books, in: Innovation, Networks, and Knowledge Spillovers, chapter 10, pages 211-232, Springer.
    6. Ortalo-Magné, François & Rady, Sven, 2008. "Heterogeneity within communities: A stochastic model with tenure choice," Journal of Urban Economics, Elsevier, vol. 64(1), pages 1-17, July.
    7. Catherine Paradeise & Jean-Claude Thoenig, 2013. "Academic Institutions in Search of Quality: Local Orders and Global Standards," Post-Print halshs-00871625, HAL.
    8. Keld Laursen & Toke Reichstein & Ammon Salter, 2011. "Exploring the Effect of Geographical Proximity and University Quality on University-Industry Collaboration in the United Kingdom," Regional Studies, Taylor & Francis Journals, vol. 45(4), pages 507-523.
    9. Karolien De Bruyne & Jan Van Hove, 2013. "Explaining the spatial variation in housing prices: an economic geography approach," Applied Economics, Taylor & Francis Journals, vol. 45(13), pages 1673-1689, May.
    10. Haskel, Jonathan & Wallis, Gavin, 2013. "Public support for innovation, intangible investment and productivity growth in the UK market sector," Economics Letters, Elsevier, vol. 119(2), pages 195-198.
    11. Zabel, Jeffrey E, 1999. "Controlling for Quality in House Price Indices," The Journal of Real Estate Finance and Economics, Springer, vol. 19(3), pages 223-241, November.
    12. Cleary, Rebecca & Goetz, Stephan J. & Thilmany McFadden, Dawn D. & Ge, Houtian, 2017. "Location and Profit Drivers of Local Food Hubs," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258538, Agricultural and Applied Economics Association.
    13. Paulo Morais & Vera Miguéis & Ana Camanho, 2013. "Quality of Life Experienced by Human Capital: An Assessment of European Cities," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 110(1), pages 187-206, January.
    14. repec:dau:papers:123456789/12525 is not listed on IDEAS
    15. Edward L. Glaeser & Joseph Gyourko & Raven E. Saks, 2006. "Urban growth and housing supply," Journal of Economic Geography, Oxford University Press, vol. 6(1), pages 71-89, January.
    16. Charles Himmelberg & Christopher Mayer & Todd Sinai, 2005. "Assessing High House Prices: Bubbles, Fundamentals and Misperceptions," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 67-92, Fall.
    17. David Castells-Quintana & Vicente Royuela, 2014. "Agglomeration, inequality and economic growth," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 52(2), pages 343-366, March.
    18. Nicola Morrison, 2014. "Building talented worker housing in Shenzhen, China, to sustain place competitiveness," Urban Studies, Urban Studies Journal Limited, vol. 51(8), pages 1539-1558, June.
    19. Kate Barker, 2008. "Planning policy, planning practice, and housing supply," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 24(1), pages 34-49, spring.
    20. Ben Wildavsky, 2012. "The Great Brain Race: How Global Universities Are Reshaping the World: With a new preface by the author," Economics Books, Princeton University Press, edition 1, number 9694.
    21. ., 2017. "Cambridge versus Lausanne," Chapters, in: Morality and Power, chapter 7, pages 69-91, Edward Elgar Publishing.
    22. Giorgio Di Pietro, 2006. "Regional labour market conditions and university dropout rates: Evidence from Italy," Regional Studies, Taylor & Francis Journals, vol. 40(6), pages 617-630.
    23. Salima Bouayad-Agha & Lionel Védrine, 2010. "Estimation Strategies for a Spatial Dynamic Panel using GMM. A New Approach to the Convergence Issue of European Regions," Spatial Economic Analysis, Taylor & Francis Journals, vol. 5(2), pages 205-227.
    24. Helen Lawton Smith & Sharmistha Bagchi-Sen, 2012. "The research university, entrepreneurship and regional development: Research propositions and current evidence," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 24(5-6), pages 383-404, June.
    25. Shiri Breznitz, 2011. "Improving or Impairing? Following Technology Transfer Changes at the University of Cambridge," Regional Studies, Taylor & Francis Journals, vol. 45(4), pages 463-478.
    26. Mayer, Christopher J. & Somerville, C. Tsuriel, 2000. "Residential Construction: Using the Urban Growth Model to Estimate Housing Supply," Journal of Urban Economics, Elsevier, vol. 48(1), pages 85-109, July.
    27. J. Paul Elhorst, 2003. "Specification and Estimation of Spatial Panel Data Models," International Regional Science Review, , vol. 26(3), pages 244-268, July.
    28. Jean-Paul D. Addie, 2017. "From the urban university to universities in urban society," Regional Studies, Taylor & Francis Journals, vol. 51(7), pages 1089-1099, July.
    29. ., 2017. "Trade and FDI revisited: the role of location," Chapters, in: The Development of International Business, chapter 5, pages 46-56, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nikodem Szumilo & Edyta Laszkiewicz & Franz Fuerst, 2017. "The spatial impact of employment centres on housing markets," Spatial Economic Analysis, Taylor & Francis Journals, vol. 12(4), pages 472-491, October.
    2. Hiller, Norbert & Lerbs, Oliver W., 2016. "Aging and urban house prices," Regional Science and Urban Economics, Elsevier, vol. 60(C), pages 276-291.
    3. Su Han Chan & Ko Wang & Jing Yang, 2011. "A Rational Explanation for Boom-and-Bust Price Patterns in Real Estate Markets," International Real Estate Review, Global Social Science Institute, vol. 14(3), pages 257-282.
    4. Hans R. A. Koster & Jos N. van Ommeren & Piet Rietveld, 2016. "Historic amenities, income and sorting of households," Journal of Economic Geography, Oxford University Press, vol. 16(1), pages 203-236.
    5. Oliver W. Lerbs, 2014. "House prices, housing development costs, and the supply of new single-family housing in German counties and cities," Journal of Property Research, Taylor & Francis Journals, vol. 31(3), pages 183-210, September.
    6. Edward L. Glaeser & Joseph Gyourko, 2006. "Housing Dynamics," NBER Working Papers 12787, National Bureau of Economic Research, Inc.
    7. Oliver Lerbs, "undated". "House Prices, Housing Development Costs, and the Supply of New Single-Family Housing in German Counties and Cities," Working Papers 201283, Institute of Spatial and Housing Economics, Munster Universitary.
    8. John Muellbauer, 2012. "When is a Housing Market Overheated Enough to Threaten Stability?," RBA Annual Conference Volume (Discontinued), in: Alexandra Heath & Frank Packer & Callan Windsor (ed.),Property Markets and Financial Stability, Reserve Bank of Australia.
    9. Duranton, Gilles & Puga, Diego, 2014. "The Growth of Cities," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 5, pages 781-853, Elsevier.
    10. Valerien O. Pede & Raymond J. G. M. Florax & Henri L. F. de Groot & Gustavo Barboza, 2021. "Technological leadership and sectorial employment growth: A spatial econometric analysis for U.S. counties," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 50(1), February.
    11. Manuel Acosta & Joaqu�n M. Azagra-Caro & Daniel Coronado, 2016. "Access to Universities' Public Knowledge: Who is More Regionalist?," Regional Studies, Taylor & Francis Journals, vol. 50(3), pages 446-459, March.
    12. Salima Bouayad-Agha & Nadine Turpin & Lionel Védrine, 2010. "Fostering the potential endogenous development of European regions: a spatial dynamic panel data analysis of the Cohesion Policy on regional convergence over the period 1980-2005," TEPP Working Paper 2010-17, TEPP.
    13. Xu Wang & Hong Fang & Fang Zhang & Siran Fang, 2018. "The Spatial Analysis of Regional Innovation Performance and Industry-University-Research Institution Collaborative Innovation—An Empirical Study of Chinese Provincial Data," Sustainability, MDPI, vol. 10(4), pages 1-16, April.
    14. Duca, John V. & Muellbauer, John & Murphy, Anthony, 2010. "Housing markets and the financial crisis of 2007-2009: Lessons for the future," Journal of Financial Stability, Elsevier, vol. 6(4), pages 203-217, December.
    15. David Albouy & Bryan A. Stuart, 2020. "Urban Population And Amenities: The Neoclassical Model Of Location," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(1), pages 127-158, February.
    16. Oikarinen, Elias & Peltola, Risto & Valtonen, Eero, 2015. "Regional variation in the elasticity of supply of housing, and its determinants: The case of a small sparsely populated country," Regional Science and Urban Economics, Elsevier, vol. 50(C), pages 18-30.
    17. Amine Ouazad, 2020. "Resilient Urban Housing Markets: Shocks vs. Fundamentals," Papers 2010.00413, arXiv.org, revised Oct 2020.
    18. repec:zbw:bofrdp:2009_014 is not listed on IDEAS
    19. Chen, Sheng-Syan & Chen, Yan-Shing & Liang, Woan-lih & Wang, Yanzhi, 2020. "Public R&D spending and cross-sectional stock returns," Research Policy, Elsevier, vol. 49(1).
    20. Sidong Zhao & Kaixu Zhao & Ping Zhang, 2021. "Spatial Inequality in China’s Housing Market and the Driving Mechanism," Land, MDPI, vol. 10(8), pages 1-33, August.
    21. Andrés Rodríguez‐Pose & Vassilis Tselios, 2009. "Education And Income Inequality In The Regions Of The European Union," Journal of Regional Science, Wiley Blackwell, vol. 49(3), pages 411-437, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:lauspo:v:85:y:2019:i:c:p:290-301. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joice Jiang (email available below). General contact details of provider: https://www.journals.elsevier.com/land-use-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.