This project examined the effects of expansions in higher educational institutions and the medical service industry, "eds and meds," on the economic development of a metropolitan area. The authors provided quantitative evidence of the magnitude of economic effects of higher education and medical service industries that occur through the mechanism of providing some export-base demand stimulus to a metropolitan economy. Quantitative evidence on how much higher education institutions can boost a metropolitan economy through increasing the educational attainment of local residents was also included. Other mechanisms by which these two industries may boost a metropolitan economy include increasing local amenities, generating R&D spillovers, increasing the rate of entrepreneurship in local businesses, and helping provide local leadership on development and growth issues. Finally, the project addressed possible effects of these two industries on disparities between the central city and suburbs in a metropolitan area.
Available at: http://works.bepress.com/timothy_bartik/117/
The Local Economic Impact of "Eds & Meds": How Policies to Expand Universities and Hospitals Affect Metropolitan Economies, Timothy J. Bartik, George Erickcek. Washington, DC: Brookings Metropolitan Policy Program (December 2008)
Eds and Meds and Metropolitan Economic Development, Timothy J. Bartik, George Erickcek. Chapter In Urban and Regional Policy and Its Effects, Vol. 1, Margery Austin Turner, Howard Wial, and Harold Wolman, editors. Washington, DC: Brookings Institution Press, 2008, pp. 21-59
Higher Education, the Health Care Industry and Metropolitan Regional Economic Development: What Can "Eds & Meds" Do for the Economic Fortunes of a Metro Area’s Residents? Timothy J. Bartik, George Erickcek, Conference presentation, Conference on Urban and Regional Policy Effects, March 29-30. Sponsored by George Washington University, Brookings Institution, and Urban Institute (2007)
Eds & Meds and Metropolitan Economic Development, Timothy J. Bartik, George Erickcek. Employment Research Newsletter, Vol. 15, No. 1 (2008)