Publisher's Synopsis
This work is concerned with a detailed treatment of economic impacts of higher education institutions within a spatial framework. Apart from the first three chapters concerned with a general overview of the subject, it consists of an econometric part and a part in which the universityÆs regional economic impacts are quantified. In the spatial econometric part simulation results on the identification of spatially (auto) correlated disturbances by means of the familiar morancoefficient and cross correlation statistics are presented. Moreover, the performance of the spatial Cochrane-Orcutt and Durbin estimator is compared with a procedure resulting in a spatially lagged variable model. As for the assessment of economic impacts of universities a distinction is made between effects related to university-related expenditures and effects evoked by the universityÆs production of knowledge. A case study on expenditure impacts is conducted by means of input-output analysis. Knowledge impacts of universities (in The Netherlands) are estimated through an interregional investment model, in which the knowledge of production of universities is operationalised using a diffusion concept.
