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Estimating the Impact of a College or University on the Local Economy.

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Title: Estimating the Impact of a College or University on the Local Economy.
Language: English
Authors: Caffrey, John, Isaacs, Herbert H., American Council on Education, Washington, DC.
Peer Reviewed: N
Page Count: 83
Publication Date: 1971
Sponsoring Agency: EXXON Education Foundation, New York, NY.
Intended Audience: Administrators; Community; Practitioners
Document Type: Guides - Non-Classroom
Numerical/Quantitative Data
Descriptors: College Students, Computation, Economic Factors, Expenditures, Government School Relationship, Higher Education, Mathematical Models, Purchasing, School Business Relationship, School Community Relationship, School Personnel
Abstract: Models to assess the impact of a college on the local economy are examined. A primary objective was to derive equations for which data could be obtained from normal records kept by colleges, local governments, and businesses. The models, which are designed to be used by college presidents and their staffs, are linear cash-flow formulas, including only quantitative data. A few qualitative issues are discussed, but no specific methods are suggested for handling them. The models, which include only institutional expenditures, identify who is spending, how much they are spending, what goods and services they are buying, and where the spending is being done. The models cover economic impacts on local business, government, and individuals. In addition to tracing the rationale of the economic impact models, procedures for making the calculations are suggested. Appendices provide information on: calculating expenditure proportions; the concept of the multiplier; parameters to be considered in estimating student expenditures; determining average local time and demand deposits of faculty, staff members, and students; and tax arrangements between colleges and local governments. Data on student rental and housing expenditures by geographic regions and cities are included, along with data on faculty and staff expenditures. (SW)
EIS Cited: ED493737
Entry Date: 1985
Accession Number: ED252100
Database: ERIC
FullText Text:
  Availability: 0
Header DbId: eric
DbLabel: ERIC
An: ED252100
AccessLevel: 3
PubType: Electronic Resource
PubTypeId: electronicResource
PreciseRelevancyScore: 0
IllustrationInfo
Items – Name: Title
  Label: Title
  Group: Ti
  Data: Estimating the Impact of a College or University on the Local Economy.
– Name: Language
  Label: Language
  Group: Lang
  Data: English
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Caffrey%2C+John%22">Caffrey, John</searchLink><br /><searchLink fieldCode="AR" term="%22Isaacs%2C+Herbert+H%2E%22">Isaacs, Herbert H.</searchLink><br /><searchLink fieldCode="AR" term="%22American+Council+on+Education%2C+Washington%2C+DC%2E%22">American Council on Education, Washington, DC.</searchLink>
– Name: PeerReviewed
  Label: Peer Reviewed
  Group: SrcInfo
  Data: N
– Name: Pages
  Label: Page Count
  Group: Src
  Data: 83
– Name: DatePubCY
  Label: Publication Date
  Group: Date
  Data: 1971
– Name: SourceSuprt
  Label: Sponsoring Agency
  Group: SrcSuprt
  Data: EXXON Education Foundation, New York, NY.
– Name: Audience
  Label: Intended Audience
  Group: Audnce
  Data: Administrators; Community; Practitioners
– Name: TypeDocument
  Label: Document Type
  Group: TypDoc
  Data: Guides - Non-Classroom<br />Numerical/Quantitative Data
– Name: Subject
  Label: Descriptors
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22College+Students%22">College Students</searchLink><br /><searchLink fieldCode="DE" term="%22Computation%22">Computation</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+Factors%22">Economic Factors</searchLink><br /><searchLink fieldCode="DE" term="%22Expenditures%22">Expenditures</searchLink><br /><searchLink fieldCode="DE" term="%22Government+School+Relationship%22">Government School Relationship</searchLink><br /><searchLink fieldCode="DE" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="DE" term="%22Mathematical+Models%22">Mathematical Models</searchLink><br /><searchLink fieldCode="DE" term="%22Purchasing%22">Purchasing</searchLink><br /><searchLink fieldCode="DE" term="%22School+Business+Relationship%22">School Business Relationship</searchLink><br /><searchLink fieldCode="DE" term="%22School+Community+Relationship%22">School Community Relationship</searchLink><br /><searchLink fieldCode="DE" term="%22School+Personnel%22">School Personnel</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: Models to assess the impact of a college on the local economy are examined. A primary objective was to derive equations for which data could be obtained from normal records kept by colleges, local governments, and businesses. The models, which are designed to be used by college presidents and their staffs, are linear cash-flow formulas, including only quantitative data. A few qualitative issues are discussed, but no specific methods are suggested for handling them. The models, which include only institutional expenditures, identify who is spending, how much they are spending, what goods and services they are buying, and where the spending is being done. The models cover economic impacts on local business, government, and individuals. In addition to tracing the rationale of the economic impact models, procedures for making the calculations are suggested. Appendices provide information on: calculating expenditure proportions; the concept of the multiplier; parameters to be considered in estimating student expenditures; determining average local time and demand deposits of faculty, staff members, and students; and tax arrangements between colleges and local governments. Data on student rental and housing expenditures by geographic regions and cities are included, along with data on faculty and staff expenditures. (SW)
– Name: CodeSource
  Label: EIS Cited
  Group: SrcInfo
  Data: ED493737
– Name: DateEntry
  Label: Entry Date
  Group: Date
  Data: 1985
– Name: AN
  Label: Accession Number
  Group: ID
  Data: ED252100
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=ED252100
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 83
    Subjects:
      – SubjectFull: College Students
        Type: general
      – SubjectFull: Computation
        Type: general
      – SubjectFull: Economic Factors
        Type: general
      – SubjectFull: Expenditures
        Type: general
      – SubjectFull: Government School Relationship
        Type: general
      – SubjectFull: Higher Education
        Type: general
      – SubjectFull: Mathematical Models
        Type: general
      – SubjectFull: Purchasing
        Type: general
      – SubjectFull: School Business Relationship
        Type: general
      – SubjectFull: School Community Relationship
        Type: general
      – SubjectFull: School Personnel
        Type: general
    Titles:
      – TitleFull: Estimating the Impact of a College or University on the Local Economy.
        Type: main
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      – PersonEntity:
          Name:
            NameFull: American Council on Education, Washington, DC.
      – PersonEntity:
          Name:
            NameFull: Caffrey, John
      – PersonEntity:
          Name:
            NameFull: Isaacs, Herbert H.
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          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 1971
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