Journal Article

The role of colleges and universities in building local human capital


Abstract: Colleges and universities can contribute to the economic success of a region by deepening the skills and knowledge?or human capital?of its residents. Producing graduates who join the region?s educated workforce is one way these institutions increase human capital levels. In addition, the knowledge and technologies created through research activities at area universities may not only attract new firms to a region but also help existing businesses expand and innovate. These ?spillover effects? can in turn raise the region?s demand for high-skilled workers.

Keywords: Regional economics; Universities and colleges; Technology - Economic aspects; Human capital; Research;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Current Issues in Economics and Finance

Publication Date: 2011

Volume: 17

Issue: Oct

Order Number: 6