Article in Journal

What Works? Regional Effects of Universities

Nicolas Bunde, Nina Czernich, Oliver Falck, Gabriel Felbermayr
CESifo, Munich, 2022

EconPol Forum 23 (5), 48-55
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  • Universities exert a positive impact on the development of a region
  • They increase employment in high-tech and knowledge- intensive industries and raise long-term wages
  • Research results from universities are the basis for technological progress, new products, and start-ups
  • Framework conditions and institutional characteristics play an important role for such effects
  • Innovation ecosystems grow over years and decades. Therefore, higher-education policy must be long-term

 

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