Human capital flows and regional knowledge assets: a simultaneous equation approach
Faggian, Alessandra and McCann, Philip (2006) Human capital flows and regional knowledge assets: a simultaneous equation approach. Oxford Economic Papers, 58, (3), 475-500. (doi:10.1093/oep/gpl010).
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Our paper constructs a simultaneous equation model in order to investigate the relationship between interregional human capital knowledge flows and regional knowledge assets. With the aid of a GIS system, we model the simultaneous relationship between the interregional migration behaviour of British students and graduates from university and into employment, the knowledge assets of the regions, and the regions of employment of the graduates. Our results indicate that after controlling for the human-capital flows of students and graduates, there is little evidence in favour of direct spillovers between university research and regional innovation. Rather, the primary role of the university system appears to be as a conduit for bringing potential high quality undergraduate human capital into a region. We argue therefore that the migration effects of embodied human capital in Great Britain appear far more important than informal university-industry spillovers as an explanation of regional learning effects.
|Additional Information:||The paper constructs a simultaneous equation model to investigate the relationship between human capital flows and regional innovation. We show that human capital migration effects are more important than direct university spillovers. The paper ranked 2nd in the most read OEP articles for three months in 2006. Key PhD research.|
|Subjects:||G Geography. Anthropology. Recreation > GF Human ecology. Anthropogeography
H Social Sciences > HN Social history and conditions. Social problems. Social reform
H Social Sciences > HB Economic Theory
L Education > LB Theory and practice of education > LB2300 Higher Education
G Geography. Anthropology. Recreation > GN Anthropology
|Divisions:||University Structure - Pre August 2011 > School of Geography > Economy, Culture, Space
|Date Deposited:||20 Jul 2007|
|Last Modified:||27 Mar 2014 18:30|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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