ECONOMIC IMPACT AND MULTIPLIER EFFECT OF UNIVERSITY ON ECONOMIC DEVELOPMENT OF THE HOST REGION
University of Žilina (SLOVAKIA)
About this paper:
Conference name: 10th annual International Conference of Education, Research and Innovation
Dates: 16-18 November, 2017
Location: Seville, Spain
Abstract:Universities are the driving force behind the development of the host region even without their direct involvement in its development. The university brings a finance to a city or region that affects the income of local and regional companies, household incomes and tax revenues. The university purchases goods and services and pays employees for salaries, invests in their equipment, and pays taxes and other contributions. The aim of the paper is to evaluate the short-term economic impact of Zilina University in Žilina in the region of Žilina through the calculated multiplier, the multiplier, the multiplier and the multiplier. Part of the contribution is an analysis of the suppliers of Zilina University in Žilina, which can obtain the share of goods and services purchased in the region of Žilina or imported from other regions outside the Žilina region. University expenditures to finance goods and services are ranked in multiplier classification.
Keywords: University, regional multiplier, short-term economic impact, regional development.