Abstract
There have been many studies of the economic impacts of universities over the years. Many of them focused on college towns where the university was the prime economic activity. This chapter focuses on a different case where the university (USC) had a major influence on one neighborhood, not the whole city or region. In fact, the USC economic impact accounts for 0.57 % of the City of Los Angeles gross regional product (GRP), 0.38 % of the County’s GRP and 0.11 % of the State of California’s 0.11 % of GSP (ERA 2009). The chapter focuses on two issues: the economic impact of the university (in terms of output and employment); and the effects of the university’s growth on neighborhood regeneration.
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Notes
- 1.
In the 1960s USC considered for a time moving out of the neighborhood to a more attractive environment on the lines of Pepperdine University’s decision to locate near the Pacific Ocean in Malibu, California.
References
Economic Research Associates (2009) Economic impact analysis of the University of Southern California annual operations. ERA, Los Angeles
Gordon P, Richardson HW (1994) USC’s economic impact on the region. Lusk Cent Res Bull 1(1)
Gordon L (2010) USC plans $900 million shopping and residential upgrade. LA Times, July 3
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© 2015 Springer International Publishing Switzerland
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Richardson, H.W., Gordon, P., Pan, Q. (2015). The Local Economic and Social Impacts of a University. In: Richardson, H., Pan, Q., Park, J., Moore II, J. (eds) Regional Economic Impacts of Terrorist Attacks, Natural Disasters and Metropolitan Policies. Advances in Spatial Science. Springer, Cham. https://doi.org/10.1007/978-3-319-14322-4_13
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DOI: https://doi.org/10.1007/978-3-319-14322-4_13
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