Universities' Efficiency and Regional Economic Short-Run Grownth: Empirical Evidence from Russia

Posted: 27 Nov 2018 Last revised: 25 Mar 2019

See all articles by Tommaso Agasisti

Tommaso Agasisti

Politecnico di Milano - Department of Management, Economics and Industrial Engineering

Alexey Egorov

National Research University Higher School of Economics

Daria Zinchenko

National Research University Higher School of Economics

Oleg Leshukov

National Research University Higher School of Economics

Date Written: November 22, 2018

Abstract

This paper analyses the link between the efficiency of regional higher education systems and the rates of regional economic development between 2012 and 2015 in Russia. The efficiency scores are calculated at the institutional level using a double-bootstrap data envelopment analysis (DEA) procedure, taking into account the different internal characteristics of universities which may affect their production process, and the scores are then aggregated at the regional level. We formulate a regional economic growth model that considers the efficiency of regional higher education systems as one of the explanatory variables. As an econometric method, we employ a robust GMM estimator. The model also includes spatial interactions between regional economies and between regional higher education systems in neighboring regions. The findings highlight a positive, substantial and statistically significant effect of HEI efficiency on the regional economic growth rate. We also found negative spillover effects indicating that efficient regional higher education systems may extract resources from neighboring regions.

Keywords: Regional economic development; efficiency in higher education; knowledge spillovers; economic growth; Russia.

JEL Classification: I25, I21, E02.

Suggested Citation

Agasisti, Tommaso and Egorov, Alexey and Zinchenko, Daria and Leshukov, Oleg, Universities' Efficiency and Regional Economic Short-Run Grownth: Empirical Evidence from Russia (November 22, 2018). Higher School of Economics Research Paper No. WP BRP 203/EC/2018. Available at SSRN: https://ssrn.com/abstract=3289148 or http://dx.doi.org/10.2139/ssrn.3289148

Tommaso Agasisti

Politecnico di Milano - Department of Management, Economics and Industrial Engineering ( email )

Piazza Leonardo da Vinci
Milan, Milan 20133
Italy

Alexey Egorov (Contact Author)

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Daria Zinchenko

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Oleg Leshukov

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

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