Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The local economic impact of construction projects in a small and relatively self-contained economy: The case of Lancaster University.
AU - Armstrong, H. W.
AU - Darrall, J.
AU - Grove-White, R. B.
PY - 1997
Y1 - 1997
N2 - Whilst the local multiplier impacts of the annual operation of universities has been the subject of intensive research, the economic impacts of capital construction projects have been almost completely ignored. This paper presents the results of detailed analysis of capital projects at Lancaster University in 1993-The reasons for the radically different annual operation and construction multipliers estimated in the Lancaster study are examined. Despite the smaller size of construction multipliers it is argued that it is a serious mistake to estimate local construction multipliers by making simplifying assumptions on the size of the key parameters in the multiplier equations.
AB - Whilst the local multiplier impacts of the annual operation of universities has been the subject of intensive research, the economic impacts of capital construction projects have been almost completely ignored. This paper presents the results of detailed analysis of capital projects at Lancaster University in 1993-The reasons for the radically different annual operation and construction multipliers estimated in the Lancaster study are examined. Despite the smaller size of construction multipliers it is argued that it is a serious mistake to estimate local construction multipliers by making simplifying assumptions on the size of the key parameters in the multiplier equations.
U2 - 10.1080/02690949708726382
DO - 10.1080/02690949708726382
M3 - Journal article
VL - 12
SP - 146
EP - 159
JO - Local Economy
JF - Local Economy
SN - 1470-9325
IS - 2
ER -