February 04, 2007

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?

This 2007 report was attempting to analyze the economic effects of higher education and health care institutions on their surrounding metropolitan regions with the help of the REMI model. Specific criteria considered included the total magnitude of each industry, the impact of losing such institutions, and the effect of replacing an educational facility with a medical facility and vice versa. It was found that the particular impact of a given institution is based on the region it’s in and the overall health and production of that corresponding metropolitan landscape. Increasing funding and expansion for either one of these industries should have significant positive economic effects on that region.

Upjohn Institute – Eds and Meds [full PDF]