Capturing the Overall Economic Impacts of HEIs

DescriptionUniversity of Strathclyde were commissioned on behalf of the Tripartite Advisory Group (TAG) on higher education in Scotland to evaluate the current state of knowledge on the overall impact of higher education in Scotland. The Strathclyde report examines evidence from Scotland, UK and international studies to draw conclusions about the impact of HE on the Scottish economy.
ISBN
Official Print Publication Date
Website Publication DateNovember 10, 2010

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ISBN 978 0 7559 9773 2 (Web only publication)
DPPAS 10948

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Literature review

This report was commissioned by the Scottish Further and Higher Education Funding Council ( SFC), Scottish Government and Universities Scotland on behalf of the Tripartite Advisory Group ( TAG) on higher education in Scotland.

Contents

TABLE OF FIGURES

EXECUTIVE SUMMARY

PREFACE

1 INTRODUCTION

2 DEMAND SIDE IMPACTS
2.1 Mainstream Practice in HEI Impact Studies
2.2 HEI Impacts at the National ( UK) Level
2.3 Main Findings

3 LABOUR MARKET IMPACTS
3.1 Returns to Education in Scotland
3.1.1 Is Scotland reaching further and further into the ability barrel?
3.2 Returns to Education And Quality
3.3 Returns to Education by Subject
3.4 Recent Trends in Returns to Education
3.5 Potential Estimation Bias
3.5.1 Twin studies
3.6 Overeducation
3.7 Signalling and Screening
3.8 Main Findings

4 WIDER IMPACTS OF HEIS

5 REGIONAL/LOCAL SUPPLY SIDE IMPACTS
5.1 Spatial/Location Effects on Labour Supply
5.1.1 Findings on student and graduate migration in Scotland and the UK
5.2 Technological Spillovers
5.3 Innovation and Patent Activity
5.3.1 Spatial/Location effects on innovation
5.4 Spatial Econometric Estimates of HEIS Local Productivity Impact
5.5 Impact of USHEIS on Regional Development
5.6 Conclusions

6 OVERALL IMPACT APPROACHES
6.1 Macro Measures ( GDP and GROWTH)
6.2 Cost-Benefit Applications
6.3 Modelling Work
6.3.1 Application of the MONASH model to HE in Tasmania
6.3.2 Scottish HEI applications using the AMOS model

7 CONCLUSIONS & FUTURE OUTLOOK

REFERENCES