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Presentation by A. Hecht (WLU) and S. Mayer (Laurentian University) On the occasion of a visit by

"The socio-economic impact of universities on local regions: A centralized empirical approach for Canada". Presentation by A. Hecht (WLU) and S. Mayer (Laurentian University) On the occasion of a visit by Russian University Presidents, Academics and Legislators to Wilfrid Laurier University

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Presentation by A. Hecht (WLU) and S. Mayer (Laurentian University) On the occasion of a visit by

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  1. "The socio-economic impact of universities on local regions:A centralized empirical approach for Canada". Presentation by A. Hecht (WLU) and S. Mayer (Laurentian University) On the occasion of a visit by Russian University Presidents, Academics and Legislators to Wilfrid Laurier University May 27, 2005

  2. Abstract It is generally believed that universities have a positive influence on the local region in which they are located. They produced an educated labour force, attract potential employers, use the local infrastructure and their students bring substantial funds to the local community. Employees of the university themselves are relatively well paid, have substantial job security and contribute financially greatly to the local environment. They are in fact growth poles for the surrounding environment.

  3. Major influences of Universities in North America • University mechanisms that may encourage local growth* • as Trainer (provider of skilled labour for the local market) • as Innovator (generator of local commercial knowledge) • as Partner (with local commercial firms) • as Regional Talent Magnet (attract firms to work with profs/students and profs/students may establishing local firms) • as Facilitator (of local entrepreneurial networks) • as Exporter of Knowledge (graduates, patens, consulting services, etc.) • as Importer of Capital (student and government fees, student living expenses, grants) ______________________________ *Source: J.R.Betts and C.W. Lee, “Universities as drivers of Regional and National Innovation an Assessment of the Linkages from Universities to Innovation and Economic Growth” in Beach,C.M. R.W. Broadway, and R.M. McInnis, Higher Education in Canada, Montreal: McGill-Queen’s University Press, 2005, pp 113-157. and Meyer, S. and A. Hecht, “University growth poles in Canada: An Empirical Assessment”, Canadian Journal of Regional Science, Vol. XIX, 3, 1996, 263-282

  4. Conclusion Communities in Canada with Universities - have produced higher average income in the local communities - have produced more knowledge jobs - have increase housing values - have higher labour participation rates - have normally less people in lowly manufacturing jobs

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