IDEAS home Printed from https://ideas.repec.org/p/mcr/wpaper/wpaper00009.html
   My bibliography  Save this paper

The local and regional economic role of universities: the case of the University of Cardiff

Author

Listed:
  • Ernesto Tavoletti

    (Università di Macerata)

Abstract

The paper evaluates the regional and local economic impact of the University of Cardiff, dividing its effects into two major sides: ”expenditure impacts” and ”knowledge impacts”. It reviews the major tools and methodologies available in the literature to assess the two sides. It measures the ”expenditure impact” in the financial year 2000-2001 through a Keynesian multiplier model developed by the Centre for Advanced Social Studies (CASS) in order to compare that same impact in the financial year 1994-1995. It assesses the university’s ”knowledge impact” through two main variables: 1) employment and destination of graduates or ”people impact”; 2) kind of knowledge produced. It concludes that Cardiff University’s graduates enjoy a full-employment and, according to our conceptual framework (Tavoletti, 2005), it classifies Cardiff’s higher education system as ”non-active” positional competition and ”social knowledge” production.

Suggested Citation

  • Ernesto Tavoletti, 2007. "The local and regional economic role of universities: the case of the University of Cardiff," Working Papers 09-2007, Macerata University, Department of Studies on Economic Development (DiSSE), revised Feb 2010.
    • Handle: RePEc:mcr:wpaper:wpaper00009
    as

    Download full text from publisher

    File URL: http://www.unimc.it/sviluppoeconomico/wpaper/wpaper00009/filePaper
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Luciana Lazzeretti & Ernesto Tavoletti, 2005. "Higher Education Excellence and Local Economic Development: The Case of the Entrepreneurial University of Twente," European Planning Studies, Taylor & Francis Journals, vol. 13(3), pages 475-493, April.
    2. Rip, Arie, 2002. "Regional Innovation Systems and the Advent of Strategic Science," The Journal of Technology Transfer, Springer, vol. 27(1), pages 123-131, January.
    3. Bob Morgan, 2002. "Higher Education and Regional Economic Development in Wales: An Opportunity for Demonstrating the Efficacy of Devolution in Economic Development," Regional Studies, Taylor & Francis Journals, vol. 36(1), pages 65-73.
    4. Ernesto Tavoletti, 2005. "Higher education and high intellectual unemployment: does education matter? An interpretation and some critical perspectives," Chapters, in: Philip Cooke & Andrea Piccaluga (ed.), Regional Economies as Knowledge Laboratories, chapter 2, Edward Elgar Publishing.
    5. J.A. Lewis, 1988. "Assessing the Effect of the Polytechnic, Wolverhampton on the Local Community," Urban Studies, Urban Studies Journal Limited, vol. 25(1), pages 53-61, February.
    6. Andersson, Ake E. & Anderstig, Christer & Harsman, Bjorn, 1990. "Knowledge and communications infrastructure and regional economic change," Regional Science and Urban Economics, Elsevier, vol. 20(3), pages 359-376, November.
    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. Katia Giusepponi & Ernesto Tavoletti, 2018. "Vision and Mission Statements in Italian Universities: Results of an Empirical Investigation on Strategic Orientation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(1), pages 301-328, March.
    2. Ernesto Tavoletti, 2010. "Matching higher education and labour market in the knowledge economy: the much needed reform of university governance in Italy," Working Papers 27-2010, Macerata University, Department of Studies on Economic Development (DiSSE), revised Jun 2010.
    3. Carazza, Luís & Silveira Neto, Raul da Mota, 2021. "Evaluating the Regional Expansion of Brazil’s Federal System of Vocational and Technological Education," Revista Brasileira de Estudos Regionais e Urbanos, Associação Brasileira de Estudos Regionais e Urbanos (ABER), vol. 15(2), pages 212-246.
    4. Zhenhua Chen & Kingsley E. Haynes, 2015. "Regional Impact of Public Transportation Infrastructure," Economic Development Quarterly, , vol. 29(3), pages 275-291, August.
    5. Brandão, Tiago, 2016. "Shaping Portuguese science policy for the European horizon: The discourses of technological change," Technological Forecasting and Social Change, Elsevier, vol. 113(PB), pages 168-184.
    6. Freeman, Christopher & Soete, Luc, 2009. "Developing science, technology and innovation indicators: What we can learn from the past," Research Policy, Elsevier, vol. 38(4), pages 583-589, May.
    7. Milana Korotka & Paul Benneworth & Tiago Ratinho, 2017. "The role of proximity on innovation dynamics in knowledge community precincts," CHEPS Working Papers 201701, University of Twente, Center for Higher Education Policy Studies (CHEPS).
    8. Dmitry Kochetkov & Viola Larionova & Darko Vukovic, 2017. "Entrepreneurial Capacity Of Universities And Its Impact On Regional Economic Growth," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 477-488.
    9. Charlie Karlsson, 2011. "Clusters, Networks and Creativity," Chapters, in: David Emanuel Andersson & Åke E. Andersson & Charlotta Mellander (ed.), Handbook of Creative Cities, chapter 5, Edward Elgar Publishing.
    10. Ricard Esparza-Masana, 2022. "Towards Smart Specialisation 2.0. Main Challenges When Updating Strategies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 635-655, March.
    11. Cécile Crespy & Jean-Alain Héraud & Beth Perry, 2007. "Regierungsführung auf mehreren Ebenen, Regionen und Wissenschaft in Frankreich: zwischen Wettbewerb und Gleichheit [Multi-level governance, regions and science in France: between competition and eq," Post-Print hal-00514676, HAL.
    12. Elisa Salvador & Rebecca Harding, 2006. "Innovation Policy at the Regional Level: the Case of Wales," Post-Print hal-02550826, HAL.
    13. Christian n Wichmann Matthiessen & Annette Winkel Schwarz, 1999. "Scientific Centres in Europe: An Analysis of Research Strength and Patterns of Specialisation Based on Bibliometric Indicators," Urban Studies, Urban Studies Journal Limited, vol. 36(3), pages 453-477, March.
    14. Alexandru Pavel & Octavian Moldovan, 2019. "Determining Local Economic Development in the Rural Areas of Romania. Exploring the Role of Exogenous Factors," Sustainability, MDPI, vol. 11(1), pages 1-24, January.
    15. Iryna Lendel, 2010. "The Impact of Research Universities on Regional Economies: The Concept of University Products," Economic Development Quarterly, , vol. 24(3), pages 210-230, August.
    16. Néstor Duch-Brown & Javier García-Estévez & Martí Parellada-Sabata, 2011. "Universities and regional economic growth in Spanish regions," Working Papers 2011/6, Institut d'Economia de Barcelona (IEB).
    17. Bertenrath, Roman & Thöne, Michael & Walther, Christoph, 2006. "Wachstumswirksamkeit von Verkehrsinvestitionen in Deutschland [Growth effects of transport investment in Germany]," FiFo Reports - FiFo-Berichte 7, University of Cologne, FiFo Institute for Public Economics.
    18. Laura Cruz-Castro & Luis Sanz-Menéndez & Catalina Martínez, 2012. "Research centers in transition: patterns of convergence and diversity," The Journal of Technology Transfer, Springer, vol. 37(1), pages 18-42, February.
    19. Alan D. MacPherson, 1998. "Academic-industry linkages and small firm innovation: evidence from the scientific instruments sector," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 10(4), pages 261-276, January.
    20. Balazs Kotosz, 2016. "University impact evaluation: Counterfactual methods," ERSA conference papers ersa16p735, European Regional Science Association.

    More about this item

    Keywords

    higher education; knowledge; university; graduates; regional development; human capital;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    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:mcr:wpaper:wpaper00009. 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: Carlo Sampaoli (email available below). General contact details of provider: https://edirc.repec.org/data/dsmacit.html .

    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.