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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. and Darrall, J. and Grove-White, R. B. (1997) The local economic impact of construction projects in a small and relatively self-contained economy: The case of Lancaster University. Local Economy, 12 (2). pp. 146-159.

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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.

Item Type: Article
Journal or Publication Title: Local Economy
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
Departments: Faculty of Arts & Social Sciences > Politics & International Relations (Merged into PPR 2010-08-01)
ID Code: 22099
Deposited By: ep_ss_importer
Deposited On: 18 Feb 2009 16:57
Refereed?: Yes
Published?: Published
Last Modified: 26 Jul 2012 15:56
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/22099

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