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The local economic impact of construction projects in a small and relatively self-contained economy: The case of Lancaster University.

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The local economic impact of construction projects in a small and relatively self-contained economy: The case of Lancaster University. / Armstrong, H. W.; Darrall, J.; Grove-White, R. B.
In: Local Economy, Vol. 12, No. 2, 1997, p. 146-159.

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@article{a0083d147a514e958e54e53b2a1c6f6a,
title = "The local economic impact of construction projects in a small and relatively self-contained economy: The case of Lancaster University.",
abstract = "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.",
author = "Armstrong, {H. W.} and J. Darrall and Grove-White, {R. B.}",
year = "1997",
doi = "10.1080/02690949708726382",
language = "English",
volume = "12",
pages = "146--159",
journal = "Local Economy",
issn = "1470-9325",
publisher = "SAGE Publications Ltd",
number = "2",

}

RIS

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 -