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The Impact of a Business School on Regional Economic Development: a Case Study

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Listed:
  • Sue Cox

    (Lancaster University, Lancaster, UK)

  • Jim Taylor

    (Lancaster University, Lancaster, UK)

Abstract

This paper investigates the impact of a major extension to Lancaster University's Management School on the North West regional economy. It differs from earlier university impact studies since the estimated impact is not confined to backward linkage effects but focuses specifically on the forward linkage effects that will occur as a result of greater engagement with firms in the region's SME sector. The paper demonstrates that the expansion of the university sector can have far greater beneficial effects on their regional economies than is indicated by conventional impact studies. Specifically, the provision of business advice to SMEs can be a significant factor in increasing their sales volume.

Suggested Citation

  • Sue Cox & Jim Taylor, 2006. "The Impact of a Business School on Regional Economic Development: a Case Study," Local Economy, London South Bank University, vol. 21(2), pages 117-135, May.
    • Handle: RePEc:sae:loceco:v:21:y:2006:i:2:p:117-135
    DOI: 10.1080/02690940600608069
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    References listed on IDEAS

    as
    1. Brownrigg, M, 1973. "The Economic Impact of a New University," Scottish Journal of Political Economy, Scottish Economic Society, vol. 20(2), pages 123-139, June.
    2. Gerry Boucher & Cheryl Conway & Els Van Der Meer, 2003. "Tiers of Engagement by Universities in their Region's Development," Regional Studies, Taylor & Francis Journals, vol. 37(9), pages 887-897.
    3. Daniel Felsenstein, 1996. "The University in the Metropolitan Arena: Impacts and Public Policy Implications," Urban Studies, Urban Studies Journal Limited, vol. 33(9), pages 1565-1580, November.
    4. Richard I. D. Harris, 1997. "The Impact of the University of Portsmouth on the Local Economy," Urban Studies, Urban Studies Journal Limited, vol. 34(4), pages 605-626, April.
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    Cited by:

    1. Rhiannon Pugh & Danny Soetanto & Sarah L. Jack & Eleanor Hamilton, 2021. "Developing local entrepreneurial ecosystems through integrated learning initiatives: the Lancaster case," Small Business Economics, Springer, vol. 56(2), pages 833-847, February.
    2. Paula Almeida & Eunice Ramos Lopes & Celio Goncalo Marques & Jorge Simoes & Fatima Pedro, 2017. "The dynamization of Higher Education Institutions for the creation of Tourism Companies in Portugal," Tourism Research Institute, Journal of Tourism Research, vol. 17(1), pages 106-118, June.
    3. Janzen, Katrin & Panitz, Robert & Glückler, Johannes, 2022. "Education premium and the compound impact of universities on their regional economy," Research Policy, Elsevier, vol. 51(1).
    4. Anne Hill & Joan Scott & David Moyes & Robert Smith, 2016. "Supporting knowledge exchange in rural business—A case story from Dumfries and Galloway, Scotland," Local Economy, London South Bank University, vol. 31(7), pages 812-824, November.
    5. Mihail N. Diakomihalis, 2014. "Evaluation of High Educational Institutes Economic Impact with Satellite Accounting: An Empirical Application in Greece," Business and Economic Research, Macrothink Institute, vol. 4(2), pages 1-20, December.

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