Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/64365 
Year of Publication: 
2004
Series/Report no.: 
Upjohn Institute Working Paper No. 04-106
Publisher: 
W.E. Upjohn Institute for Employment Research, Kalamazoo, MI
Abstract: 
This paper considers how a state such as Michigan can increase the economic development benefits of higher education. Research evidence suggests that higher education increases local economic development principally by increasing the quality of the local workforce, and secondarily by increasing local innovative ideas. These economic development benefits of higher education can be increased by: 1) competent management of conventional economic development programs that focus on business attraction and retention; 2) policies that focus on increasing local job skills by educating the state's residents, as opposed to attracting in-migrants; 3) policies that address specific 'market failures' in how higher education leads to increased workforce quality or business innovations.
JEL: 
R58
I28
H72
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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