Current Issues in Economics and Finance
Second District Highlights

The Role of Colleges and Universities in Building Local Human Capital

Volume 17, Number 62011
JEL classification: J24, O18, R10

Authors: Jaison R. Abel and Richard Deitz

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.

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