The Effects of Universities on Local Economy: The Case Study of Bursa Uludag University

Article Information
Journal: Business and Economics Research Journal
Title of Article: The Effects of Universities on Local Economy: The Case Study of Bursa Uludag University
Author(s): Volkan Gursel, Cem Okan Tuncel, Serdar Geldimyradov
Volume: 12
Number: 3
Year: 2021
Page: 613-627
ISSN: 2619-9491
DOI Number: 10.20409/berj.2021.341
Abstract
Universities have a positive influence on the cities not only in terms of cultural and social aspects but also in economic aspects. Due to students’ expenditures, universities make a contribution to urban economic growth in the cities where they located. The main goal of this study is to investigate the direct, indirect, and induced effects of Bursa Uludag University on the Bursa economy. In this study, the information compiled from spending units of the university, and data gathering from 381 students of Bursa Uludag University are used. According to data analyzing results, Bursa Uludag University created a total of 1.21 billion Turkish Lira (TL) direct and indirect income, and 13,870 direct and indirect employment in the Bursa economy in 2018. As a result, induced income effect and induced employment effect of Bursa Uludag University are estimated as 2.57 billion TL and 21,227 employees respectively.

Keywords: Urban Economy, Bursa Economy, University, Students’ Expenditure, Economic Impact

JEL Classification: I23, O10

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