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The economic impact of higher education: a case study in Georgia.(Statistical Data Included)
Mid-Atlantic Journal of Business, December, 2001 by Humphreys, Jeffrey M.; Kamerschen, David R.
Higher education has important social, political, and economic benefits to any economy. While this paper examines empirically the economic benefits of higher education in one state (Georgia), we believe that it has application for other states.
This paper calculates the economic benefits that the University System of Georgia's 34 institutions bring to their home regions and communities. The benefits are estimated for three important categories of college/university related expenditures;
(1) spending by the institutions themselves for salaries and fringe benefits, operating supplies and expenses, and other budgeted expenditures;
(2) spending by the institutions for capital projects (construction); and
(3) spending by the students...
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