driving a prosperous FUTURE.
- Resource Type
- Article
- Authors
- Brain, Cecilia
- Source
- Economic Development Journal. Spring2017, Vol. 16 Issue 2, p45-52. 8p.
- Subject
- *ECONOMIC impact of universities & colleges
*GROSS domestic product
*UNIVERSITIES & colleges
*HUMAN capital
*EDUCATIONAL sociology
*ECONOMIC history
- Language
- ISSN
- 1539-1922
This article estimates the impact of Ontario universities in the Ontario provincial economy using three different methodologies to measure three different economic impacts: the impact of spending, the impact of human capital, and the impact of research. The results show that Ontario universities contribute $115.8 billion to the Ontario economy. This economic impact demonstrates that investing in universities has impacts beyond those accrued to the individual student. Research and advanced education lead to growth that affects businesses, governments and other members of society. [ABSTRACT FROM AUTHOR]