Journal article
Inside the Great Recession: University Products and Regional Economic Development
Growth and change, Vol.48(1), pp.153-173
03/01/2017
DOI: 10.1111/grow.12151
Abstract
This article investigates the role of universities in the economic development of American metropolitan regions during the Great Recession (2007-2009) and the growth period prior to it (2001-2007). It develops a supply-side conceptual framework on the role of universities in technology-led regional economic development. Specifically, this framework highlights three "university products" that can be explicitly defined and measured: educational services, business services, and new knowledge or technology. The empirical test of this conceptual framework finds that the presence of universities is positively associated with regional economic performance during the Great Recession, mainly via the educational services product. Findings indicate that regions with a higher level of university science, technology, engineering, and mathematics graduates are more resilient to the economic recession.
Details
- Title: Subtitle
- Inside the Great Recession: University Products and Regional Economic Development
- Creators
- Iryna Lendel - Cleveland State UniversityHaifeng Qian - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Growth and change, Vol.48(1), pp.153-173
- Publisher
- Wiley
- DOI
- 10.1111/grow.12151
- ISSN
- 0017-4815
- eISSN
- 1468-2257
- Number of pages
- 21
- Language
- English
- Date published
- 03/01/2017
- Academic Unit
- School of Planning and Public Affairs; Public Policy Center (Archive)
- Record Identifier
- 9984270199702771
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