How much does a single graduation cohort from further education colleges contribute to an open regional economy?
How much does a single graduation cohort from further education colleges contribute to an open regional
economy? Spatial Economic Analysis. This paper combines elements of growth accounting and numerical
general equilibrium analysis to produce an alternative micro-to-macro modelling approach. This is used to
evaluate the macroeconomic impact on the Scottish economy of the human capital generated by a single
graduation cohort from further education colleges. The macroeconomic impact is found to be significant
and larger than growth accounting would suggest due to the associated endogenous investment,
employment and competitiveness effects. From a policy perspective this identifies the importance of the
conventional teaching role of education institutions and the key function played by further education
colleges in this process.
HERMANNSSON Kristinn;
LECCA Patrizio;
SWALES Kim;
2017-06-28
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
JRC105069
1742-1772,
http://www.tandfonline.com/doi/full/10.1080/17421772.2017.1316417,
https://publications.jrc.ec.europa.eu/repository/handle/JRC105069,
10.1080/17421772.2017.1316417,
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