Do Universities Generate Agglomeration Spillovers?

USA“This paper quantifies the extent and magnitude of agglomeration spillovers from a formal institution whose sole mission is the creation and dissemination of knowledge — the research university. We use the fact that universities follow a fixed endowment spending policy based on the market value of their endowments to identify the causal effect of the density of university activity on labor income in the non-education sector in large urban counties …” (more)

[Kevin Denny, Geary Behavioural Economics Blog, 2 September]

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