Higher Education, the Health Care Industry, and Metropolitan Regional Economic Development
10/01/2006 - 03/30/2007
This project examined the effects of expansions in higher educational institutions and the medical service industry, "eds and meds," on the economic development of a metropolitan area. The authors provided quantitative evidence of the magnitude of economic effects of higher education and medical service industries that occur through the mechanism of providing some export-base demand stimulus to a metropolitan economy. Quantitative evidence on how much higher education institutions can boost a metropolitan economy through increasing the educational attainment of local residents was also included. Other mechanisms by which these two industries may boost a metropolitan economy include increasing local amenities, generating R&D spillovers, increasing the rate of entrepreneurship in local businesses, and helping provide local leadership on development and growth issues. Finally, the project addressed possible effects of these two industries on disparities between the central city and suburbs in a metropolitan area.
George Washington Institute of Public Policy; George Washington University, School of Public Policy and Administration
ECONOMIC DEVELOPMENT; Industry studies; Regional policy and planning