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Higher Education, The Health Care Industry, And Metropolitan Regional Economic Development, Timothy Bartik, George Erickcek

Timothy J. Bartik

This project examined the effects of expansions in higher educational institutions and the medical service industry, "eds and meds," on the economic development of a metropolitan area. The authors provided quantitative evidence of the magnitude of economic effects of higher education and medical service industries that occur through the mechanism of providing some export-base demand stimulus to a metropolitan economy. Quantitative evidence on how much higher education institutions can boost a metropolitan economy through increasing the educational attainment of local residents was also included. Other mechanisms by which these two industries may boost a metropolitan economy include increasing local amenities, …