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Evaluation of Economic Impact of Universities on Regional Development
Vasyliv V. B., Beztelesna L. I.

Vasyliv, Volodymyr B., and Beztelesna, Liudmyla I. (2019) “Evaluation of Economic Impact of Universities on Regional Development.” Business Inform 5:80–85.
https://doi.org/10.32983/2222-4459-2019-5-80-85

Section: Regional Economy

UDC 330.44

Abstract:
The impact of a university on regional subsystems: political, demographic, economic, infrastructural, cultural one is highlighted. It is established that the existing foreign models evaluate the direct, indirect and induced impact of universities on regional economic development. The most popular methodology for studying economic impact of universities on the regional economy is the ACE methodology. It is proved that its use in Ukraine meets certain difficulties due to the lack of statistical data. Statistical data in Ukraine do not allow for evaluating the indirect economic impact of university expenditures and calculating the corresponding multiplicative effect. Domestic approaches to evaluating the impact of universities on economic development are analyzed. The impact of universities in the UK and Ukraine on regional economic development is compared. Using the example of National University of Water and Environmental Engineering, the impact of the university on the economy of the Rivne region is analyzed. The ways for adapting world experience to domestic realities are proposed.

Keywords: university, region, economic development, interaction effect, evaluation of economic impact.

Fig.: 2. Tabl.: 4. Bibl.: 9.

Vasyliv Volodymyr B. – Candidate of Sciences (Engineering), Associate Professor, Associate Professor, Department of Computer Technologies and Economic Cybernetics, National University of Water and Environmental Engineering (11 Soborna Str., Rivne, 33028, Ukraine)
Email: [email protected]
Beztelesna Liudmyla I. – Doctor of Sciences (Economics), Professor, Professor, Department of Management, National University of Water and Environmental Engineering (11 Soborna Str., Rivne, 33028, Ukraine)
Email: [email protected]

List of references in article

Pellenbarg, P. H. “How to calculate the impact of university on the regional economy“: A case study of the University of Groningen, The Netherlands, University of Groningen. Regional Quantitative Analysis Research Group : University of Barcelona, 2005.
Ryan, J., and Malgieri, P. “Economic impact studies in community colleges: the short cut method“: National Council for Resource Development. Resource Paper, 1992.
“Reitynh universytetiv svitu U-Multirank“ [U-Multirank Universities Ranking]. http://www.umultirank.org/
“Hlobalnyi monitorynh pidpryiemnytstva (GEM)“ [Global Business Monitoring (GEM)]. http://www.gemconsortium.org/
Kelly, U. et al. “The impact of universities on the UK economy“ Universities UK, 2014. https://www.universitiesuk.ac.uk/policy-and-analysis/reports/Documents/2014/the-impact-of-universities-on-the-uk-economy.pdf
Caffrey, J., and Isaacs, H. H. Estimating the impact of a College or University on the Local Economy. Washington, DC: American Council on Education, 1971.
“Zvit III Natsionalnoho forumu «Biznes i universytety»“ [Report III of the National Forum "Business and Universities"]. http://csr-ukraine.org/
“Sotsialnyi zvit NUVHP za 2016-2017 roky“ [Social report of National University of Water and Environmental Engineering for 2016-2017 years]. http://nuwm.edu.ua/publichna-informacija/socialjnij-zvit
Statystychnyi shchorichnyk Rivnenskoi oblasti za 2017 rik [Statistical Yearbook of Rivne Oblast for 2017]. Rivne: Holovne upravlinnia statystyky u Rivnenskii oblasti, 2018.

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