Methodology for Universities Economic Impact Assessment in Central and East Europe Countries
Methodology for Universities Economic Impact Assessment in Central and East Europe Countries

Summary/Abstract: Universities are considered to be as one of the main drivers of regional development by a number of authors who are convincedof the positive impact of universities on the region. There are a number of methods of quantification the impact of universities on the region. However, due to the unavailability of data, these methods can not be applied to the countries of Eastern and Central Europe. Since the European Commission has not established any comprehensive methodology to analyze the impact of universities on regional level of countries of Central and Eastern Europe it is necessary to derive the data for regional impact analysis from national available data. The article analyzes the theoretical basis and various empirical studies measuring theimpact of universities on the region. We also analyze the appropriate method for quantification of the impact, where the Flegg locational quotient was chosen, which is able to quantify the influence of universities in various fields of economic regional development, such as regional employment, added value, of output or income through regional multipliers obtained from national input-output matrix.

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