The Local Economic Impact of a Large Research University: Evidence from UC Merced

36 Pages Posted: 22 Feb 2018 Last revised: 5 Jul 2019

Multiple version iconThere are 2 versions of this paper

Date Written: September 12, 2018

Abstract

In this paper, I estimate the short-run economic effects of the opening of The University of California, Merced in 2005 by comparing Merced with a counterfactual constructed by the synthetic control method. During the period 2005-2014, the opening of the campus has increased local employment by 13%, mainly in non-traded industries, such as the service sector. These findings suggest that a large research university could bring immediate benefits to the local economy because of its large demand from students and employees.

Keywords: University; Local Development; UC Merced; Synthetic Control Method

JEL Classification: J24, O18, R11

Suggested Citation

Lee, Jongkwan, The Local Economic Impact of a Large Research University: Evidence from UC Merced (September 12, 2018). Available at SSRN: https://ssrn.com/abstract=3118084 or http://dx.doi.org/10.2139/ssrn.3118084

Jongkwan Lee (Contact Author)

Korea Development Institute ( email )

263 Namsejong-ro
Sejong, 30149
Korea, Republic of (South Korea)

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