THE LOCAL ECONOMIC IMPACT OF A LARGE RESEARCH UNIVERSITY: EVIDENCE FROM UC MERCED

THE LOCAL ECONOMIC IMPACT OF A LARGE RESEARCH UNIVERSITY: EVIDENCE FROM UC MERCED

In this paper, I estimate the short‐run economic effects of the opening of The University of California, Merced in 2005 by comparing Merced with a counterfactual constructed by the synthetic control method. During the period 2005–2014, the opening of the campus has increased local employment by 13%,...

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Veröffentlicht in:Economic inquiry 2019-01, Vol.57 (1), p.316-332
1. Verfasser: Lee, Jongkwan
Format: Artikel
Sprache:eng
Schlagworte:
Cities and towns
College graduates
Colleges & universities
Economic aspects
Economic impact
Education
Educational technology
Employment
Labor force
Local economy
Retail trade
Retirement benefits
Service industries
Technology
Universities and colleges
Workers
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Zusammenfassung:In this paper, I estimate the short‐run economic effects of the opening of The University of California, Merced in 2005 by comparing Merced with a counterfactual constructed by the synthetic control method. During the period 2005–2014, the opening of the campus has increased local employment by 13%, mainly in nontraded industries, such as the service sector. These findings suggest that a large research university could bring immediate benefits to the local economy because of its large demand from students and employees. (JEL J24, O18, R11)
ISSN:0095-2583
1465-7295
DOI:10.1111/ecin.12734