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

17 Pages Posted: 5 Dec 2018

Multiple version iconThere are 2 versions of this paper

Date Written: January 2019

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 nontraded 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.

JEL Classification: J24, O18, R11

Suggested Citation

Lee, Jongkwan, The Local Economic Impact of a Large Research University: Evidence from UC Merced (January 2019). Economic Inquiry, Vol. 57, Issue 1, pp. 316-332, 2019, Available at SSRN: https://ssrn.com/abstract=3295907 or http://dx.doi.org/10.1111/ecin.12734

Jongkwan Lee (Contact Author)

Korea Development Institute ( email )

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

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