THE LOCAL ECONOMIC IMPACT OF A LARGE RESEARCH UNIVERSITY: EVIDENCE FROM UC MERCED

Jongkwan Lee

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

In this paper, I estimate the short-run economic effects of the opening of The University of California, Merced in 2005 by comparing Merced with a counterfactual constructed by the synthetic control method. During the period 2005–2014, the opening of the campus has increased local employment by 13%, mainly in nontraded industries, such as the service sector. These findings suggest that a large research university could bring immediate benefits to the local economy because of its large demand from students and employees. (JEL J24, O18, R11).

Original languageEnglish
Pages (from-to)316-332
Number of pages17
JournalEconomic Inquiry
Volume57
Issue number1
DOIs
StatePublished - Jan 2019

Bibliographical note

Publisher Copyright:
© 2018 Western Economic Association International

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