Econometric Estimation of the Economic Impact of a University. AIR 1993 Annual Forum Paper.Report as inadecuate




Econometric Estimation of the Economic Impact of a University. AIR 1993 Annual Forum Paper. - Download this document for free, or read online. Document in PDF available to download.





This study conducted an econometric analysis of the impact of the University of Delaware (UD), a public, doctoral level institution, on the Delaware economy, particularly the impact of nonresident students. To construct a model the study used historical institutional data from the Office of Institutional Research and Planning at UD and macroeconomic data from the Department of Commerce and the Bureau of the Census for the period 1979-91. In applying the model to the 1991 academic year the study noted that 11,235 nonresident and 9,633 resident students attended UD paying $122 million in tuition and fees. During that year UD spent $290 million in operating educational expenditures, of which $194 million were spent in salaries and wages, including benefits. During this period UD employed 3,651 persons and state appropriations were $68 million. This study used a linear regression model with predetermined endogenous variables and with exogenous variables selected from the collected data. The model indicated that in 1991-92, UD students and employees induced $27 million and $60 million, respectively, in wages and salaries in other sectors of the state economy. In addition, the model suggested that nonresident students induced $18 million, of the $27 million, in wages and salaries in other sectors of the Delaware economy. The paper concludes that this analysis method is more usable than the commoner but more complicated models. (Contains 58 references.) (JB)

Descriptors: College Students, Economic Factors, Economic Impact, Economic Research, Educational Economics, Higher Education, Institutional Research, Models, Out of State Students, State Universities











Author: Gana, Rajaram

Source: https://eric.ed.gov/?q=a&ft=on&ff1=dtySince_1992&pg=10599&id=ED360914







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