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.Full text not available from this repository.
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.
|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)|
|Deposited On:||18 Feb 2009 16:57|
|Last Modified:||07 Jan 2015 13:34|
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