Business benefits of local universities: more skills and better management
Universities are widely seen as a source of strength for local economies. Research by Andy Feng and Anna Valero confirms their potential contribution to business: firms closer to universities tend to hire better managers and workers, and have better management practices. The effect seems to be driven by universities raising the supply of skilled workers and hence reducing the cost.
1 November 2019 Paper Number CEPCP564
This CentrePiece article is published under the centre's Growth programme.