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Regional Growth with Universities

  • Wei-Bin Zhang
Chapter
  • 80 Downloads
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 523)

Abstract

This chapter is to introduce education into the interregional modeling framework proposed in the preceding chapters. It is important to examine the role of the university education and research on economic development at the regional scale. Universities play a central role in regional innovation systems as producers of basic research. The importance of basic research is due to the public good nature of the research and positive externalities to the private sector in the form of knowledge spillovers. Regional economies have experienced dramatic changes in different parts of the world in the last few decades. These changes in economic development are influenced by increases of the share of the total resources devoted to R&D, in the educational achievements of the labor force and in the rate of technological change. It has been argued that in developed economies universities and research institutions are the main actors in the knowledge generation process.

Keywords

Human Capital Wage Rate Transportation Cost Knowledge Spillover Economic Geography 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2003

Authors and Affiliations

  • Wei-Bin Zhang
    • 1
  1. 1.Ritsumeikan Asia Pacific UniversityOita-kenJapan

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