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Universities’ global research ambitions and their localised effects

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  • 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," LSE Research Online Documents on Economics 100508, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:100508
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    File URL: http://eprints.lse.ac.uk/100508/
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    More about this item

    Keywords

    university growth; research centres; house prices; planning policy;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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