The Role of Universities in Economic Development of Russian Regions

30 Pages Posted: 15 May 2017

See all articles by Alexey Egorov

Alexey Egorov

National Research University Higher School of Economics

Oleg Leshukov

National Research University Higher School of Economics

Alexander Gromov

National Research University Higher School of Economics

Date Written: May 15, 2017

Abstract

This paper analyses the contribution of higher education institutions (HEI) in Russia to gross regional product (GRP) growth. We explore the relationship between higher education coverage and rates of economic growth based on longitudinal economic growth models which are pooled regression, fixed effects, and regression with simultaneous fixed and spatial effects. In addition to the influence of HEI on economic growth, the model specifications also allow an investigation of the relationship between the territory accessibility of higher education and GRP growth, and the significance of higher education in regions with different structures of GRP. The main policy outcome of the paper is that universities can be considered as fully-fledged economic agents which make positive contributions to GRP growth. The development of regional higher education systems would lead to a positive effect on regional economic development.

Keywords: higher education, economic growth, spatial effects, influence on GRP, regional economic development

JEL Classification: I21, I23, I25

Suggested Citation

Egorov, Alexey and Leshukov, Oleg and Gromov, Alexander, The Role of Universities in Economic Development of Russian Regions (May 15, 2017). Higher School of Economics Research Paper No. WP BRP 41/EDU/2017. Available at SSRN: https://ssrn.com/abstract=2968356 or http://dx.doi.org/10.2139/ssrn.2968356

Alexey Egorov

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Oleg Leshukov (Contact Author)

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Alexander Gromov

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

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