THE POSITIVE IMPACT OF NEW UNIVERSITIES ON REGIONAL GROWTH: Evidence from the United States 1930-80
- 28 Mar 2017
Universities generate higher economic growth not just in the areas in which they are located, according to new research by Alexandra López Cermeño, to be presented at the Economic History Society’s 2017 annual conference.
Analysing data on the universities founded in the United States between 1930 and 1980, the study shows that these drove growth of GDP and population not only in the counties that hosted them, but also in their neighbouring regions. But analysis of their longer-term impact suggests that although there are ‘growth spillovers’, the positive effect wears out if it is not periodically renewed.