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CentrePiece article
Business benefits of local universities: more skills and better management
Andy Feng and Anna Valero
November 2019
Paper No' CEPCP564:
Full Paper (pdf)

CentrePiece 24 (3) Autumn 2019

JEL Classification: I23; I26; J24; L2; M2

Tags: management practices; human capital; universities; complementarities

Universities are widely seen as a source of strength for local economies. Research by Andy Feng and Anna Valero confirms their potential contribution to business: firms closer to universities tend to hire better managers and workers, and have better management practices. The effect seems to be driven by universities raising the supply of skilled workers and hence reducing the cost.

This article summarises 'Skill Biased Management: Evidence from Manufacturing Firms' by Andy Feng and Anna Valero, CEP Discussion Paper No. 1594