Economic Impact of Prairie View A&M University on the Local, Regional and State Economies in Texas
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| Title: | Economic Impact of Prairie View A&M University on the Local, Regional and State Economies in Texas |
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| Language: | English |
| Authors: | Quddus, Munir, Williams, Michael, Quazi, Rahim, Ojumu, Oluwagbemiga, Osho, Gbolahan |
| Source: | Research in Higher Education Journal. Jul 2022 42. |
| Availability: | Academic and Business Research Institute. 147 Medjool Trail, Ponte Vedra, FL 32081. Tel: 904-435-4330; e-mail: editorial.staff@aabri.com; Web site: http://www.aabri.com |
| Peer Reviewed: | Y |
| Page Count: | 22 |
| Publication Date: | 2022 |
| Document Type: | Journal Articles Reports - Research |
| Education Level: | Higher Education Postsecondary Education |
| Descriptors: | Universities, School Community Relationship, Economic Impact, Models, Expenditures, Salaries, Construction Programs, Employment, Income, Input Output Analysis |
| Geographic Terms: | Texas |
| ISSN: | 1941-3432 |
| Abstract: | Prairie View A&M University (PVAMU) plays an important role in the social and economic life of the local, state and national economy. This study presents estimates of the economic impacts of the University's contributions, both short-term and long-term, on the local (Waller County), regional (Houston-The Woodlands-Sugar Land Metropolitan Statistical Area), and state (Texas) economies in 2019.The study measures short-term economic benefits like the total output, value-added, labor income, and employment (jobs) created; and the long-term benefits like the contributions PVAMU makes to increase the lifetime earnings potential of its students. The study used the latest version of Minnesota IMPLAN software with built-in multipliers, survey questions, and administrative data; in addition to other standard techniques found in the economic impact analysis literature. The study finds the myriad economic impact of PVAMU University greater than greater than the direct spending by the University for pay-roll, goods and services, construction, and direct spending by PVAMU students. The impacts include $176 million annual contribution to Waller county's income base and employment impact of 1,925 high paying jobs created. For the greater Houston economy, it adds $291 million annually to the income base through direct compensation and induced spending, while the employment impact is 4,183 high paying jobs created. Finally, the economy of Texas had a direct spending impact of $354 million with 5,300 jobs supported. |
| Abstractor: | As Provided |
| Entry Date: | 2022 |
| Accession Number: | EJ1347728 |
| Database: | ERIC |
| Abstract: | Prairie View A&M University (PVAMU) plays an important role in the social and economic life of the local, state and national economy. This study presents estimates of the economic impacts of the University's contributions, both short-term and long-term, on the local (Waller County), regional (Houston-The Woodlands-Sugar Land Metropolitan Statistical Area), and state (Texas) economies in 2019.The study measures short-term economic benefits like the total output, value-added, labor income, and employment (jobs) created; and the long-term benefits like the contributions PVAMU makes to increase the lifetime earnings potential of its students. The study used the latest version of Minnesota IMPLAN software with built-in multipliers, survey questions, and administrative data; in addition to other standard techniques found in the economic impact analysis literature. The study finds the myriad economic impact of PVAMU University greater than greater than the direct spending by the University for pay-roll, goods and services, construction, and direct spending by PVAMU students. The impacts include $176 million annual contribution to Waller county's income base and employment impact of 1,925 high paying jobs created. For the greater Houston economy, it adds $291 million annually to the income base through direct compensation and induced spending, while the employment impact is 4,183 high paying jobs created. Finally, the economy of Texas had a direct spending impact of $354 million with 5,300 jobs supported. |
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| ISSN: | 1941-3432 |
