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How to Measure the Local Economic Impact of the Universities' Third Mission Activities?
[conference paper]
Corporate Editor
Technical University of Košice
Abstract Nowadays it is more and more important to know that how certain units of regional economy (enterprises, higher education institutions, other units) affect local economy. The economic impact analysis of higher education institutions is more complex than the impact analysis of enterprises, since the c... view more
Nowadays it is more and more important to know that how certain units of regional economy (enterprises, higher education institutions, other units) affect local economy. The economic impact analysis of higher education institutions is more complex than the impact analysis of enterprises, since the complexity of multiple direct and indirect transmissions and effects. The economic effects of higher education institutions (HEIs) are easy to access and easy to systematize using the classification of first, second and third generation universities. The traditional activities of universities have broadened. Beyond the high-quality of education (first generation universities) high-quality research is also necessary (second generation universities), furthermore it is also important that the scientific results should be adapted by the local economy (third generation universities). Generally, there are four substantial problems. First, the definition of impact, second, measuring and estimating first-round expenditures and avoiding double-counting, third, estimating the correct value of the multiplier, fourth, the quantification of third mission activities. The purpose of our study is to reveal the methodology of the quantification of third mission universities regarding the economic impact of universities. We attempt to fully systematize the fundamental challenges of measuring the third mission activities of universities.... view less
Keywords
economic development (on national level); innovation; university; research and development; regional development; university level of education; Hungary
Classification
University Education
Area Development Planning, Regional Research
Political Economy
Free Keywords
innovation and invention; regional economic activity
Collection Title
CERS 2014 - 5th Central European Conference in Regional Science: international conference proceedings
Editor
Nijkamp, Peter; Kourtit, Karima; Buček, Milan; Hudec, Oto
Document language
English
Publication Year
2015
City
Košice
Page/Pages
p. 1209-1215
DOI
https://doi.org/10.5281/zenodo.227111
ISBN
978-80-553-2015-1
Status
Published Version; peer reviewed