1. The expenditure impacts of London's higher education institutions: the role of diverse income sources.
- Author
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Hermannsson, Kristinn, Lisenkova, Katerina, McGregor, Peter G., and Swales, J. Kim
- Subjects
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HIGHER education costs , *INCOME , *RESEARCH institutes , *HIGHER education finance , *CONSUMPTION (Economics) , *HIGHER education - Abstract
This paper analyses the impact of London-based higher education institutions (HEIs) on the English economy. When we treat each of the HEIs as separate sectors in conventional input-output analysis, their expenditure impacts appear rather homogenous, with the apparent heterogeneity of their overall impacts being primarily driven by scale. However, a disaggregation of income by source reveals considerable variation in their dependence upon public funding and ability to draw in income/funding from external sources. Acknowledging the possible alternative uses of the public funding and deriving balanced expenditure multipliers reveals large differences in the net-expenditure impact with the source of variation being the origin of income. The institutional multiplier is driven by the ability to attract external funding, which would typically favour research-intensive institutions. However, the impacts of students’ consumption expenditures are also significant. In terms of ranking of multipliers the overall results are mixed. [ABSTRACT FROM PUBLISHER]
- Published
- 2015
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