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.

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1 November 2019     Paper Number CEPCP564

Download PDF - Business benefits of local universities: more skills and better management

This CentrePiece article is published under the centre's Growth programme.