Research Article

IMPACT OF A SMALL UNIVERSITY ON A LOCAL ECONOMY: SARAJEVO EXAMPLE

Volume: 17 Number: 3 September 30, 2019
EN TR

IMPACT OF A SMALL UNIVERSITY ON A LOCAL ECONOMY: SARAJEVO EXAMPLE

Abstract

Universities are not only centers for education but also serve as centers for knowledge production, innovation and technical development. However, in recent decades, universities are also considered as one of the key regional economic development engines for local economies. Universities contribute a great deal of economic activity in various forms to the geographical area within proximity of the campus. This study aims to be the first such study done in Bosnia and Herzegovina using the information and data obtained from International University of Sarajevo (IUS), its students and its staff members as well as their visitors. This study aims to find out direct economic impact of IUS on local spending and employment, and indirect and induced economic impacts of IUS on Sarajevo economy. The study finds that IUS contributes to the Ilidza and Sarajevo economy around 10 million KM in the form of direct economic benefits, over 24 million KM in indirect benefits, and 41 million KM in induced benefits. Total of these contributions reach to 75 million KM a year. In addition, IUS creates 231 jobs directly and 1,065 jobs indirectly (1,296 jobs in total) in Ilidza and Sarajevo area.

Keywords

References

  1. Akcakanat, T., Carikci, I., & Dulupcu, M. (2010). Universite Ogrencilerinin Bulunduklari Il Merkezine Ekonomik Katkilari ve Harcama Egilimleri: Isparta 2003-2009 Yillari Ornegi. Suleyman Demirel Universitesi Edebiyat Fakultesi Sosyal Bilimler Dergisi , 22, 165-178.
  2. Atik, H. (1999). Üniversitelerin Yerel Ekonomiye Katkıları: Teori ve Erciyes Üniversitesi Üzerine Bir Uygulama. Erciyes Üniversitesi İ.İ.B.F. Dergisi (15), 108.
  3. Bleaney, M. F. (1992). What Does a University Add to its Local Economy. Applied Economics, 24 (3), 305-323.
  4. Bolay, S. (2011). Cagdas Universitede Neler Onem Kazanmaktadir. Yuksekogrenim ve Bilim Dergisi , 1 (3), 105-112.
  5. Bunting, David et al. (2006). The Economic Impact of Eastern Washington University. Eastern Washington University. Web. 4 May 2017.
  6. Cayin, M., & Ozer, H. (2015). Universitelerin Il Ekonomisine Katkisi ve Ogrencilerin Tuketim Yapisi: Mus Alparslan Universitesi Ornegi. Dokuz Eylul Universitesi Iktisadi Idari Bilimler Fakultesi Dergisi , 30 (2), 131-147.

Details

Primary Language

English

Subjects

Economics

Journal Section

Research Article

Publication Date

September 30, 2019

Submission Date

August 5, 2019

Acceptance Date

September 1, 2019

Published in Issue

Year 2019 Volume: 17 Number: 3

APA
Yıldız, H., Brankovıć, A., & Aydın, R. (2019). IMPACT OF A SMALL UNIVERSITY ON A LOCAL ECONOMY: SARAJEVO EXAMPLE. Journal of Management and Economics Research, 17(3), 73-92. https://doi.org/10.11611/yead.601878
AMA
1.Yıldız H, Brankovıć A, Aydın R. IMPACT OF A SMALL UNIVERSITY ON A LOCAL ECONOMY: SARAJEVO EXAMPLE. Journal of Management and Economics Research. 2019;17(3):73-92. doi:10.11611/yead.601878
Chicago
Yıldız, Hakan, Azra Brankovıć, and Recai Aydın. 2019. “IMPACT OF A SMALL UNIVERSITY ON A LOCAL ECONOMY: SARAJEVO EXAMPLE”. Journal of Management and Economics Research 17 (3): 73-92. https://doi.org/10.11611/yead.601878.
EndNote
Yıldız H, Brankovıć A, Aydın R (September 1, 2019) IMPACT OF A SMALL UNIVERSITY ON A LOCAL ECONOMY: SARAJEVO EXAMPLE. Journal of Management and Economics Research 17 3 73–92.
IEEE
[1]H. Yıldız, A. Brankovıć, and R. Aydın, “IMPACT OF A SMALL UNIVERSITY ON A LOCAL ECONOMY: SARAJEVO EXAMPLE”, Journal of Management and Economics Research, vol. 17, no. 3, pp. 73–92, Sept. 2019, doi: 10.11611/yead.601878.
ISNAD
Yıldız, Hakan - Brankovıć, Azra - Aydın, Recai. “IMPACT OF A SMALL UNIVERSITY ON A LOCAL ECONOMY: SARAJEVO EXAMPLE”. Journal of Management and Economics Research 17/3 (September 1, 2019): 73-92. https://doi.org/10.11611/yead.601878.
JAMA
1.Yıldız H, Brankovıć A, Aydın R. IMPACT OF A SMALL UNIVERSITY ON A LOCAL ECONOMY: SARAJEVO EXAMPLE. Journal of Management and Economics Research. 2019;17:73–92.
MLA
Yıldız, Hakan, et al. “IMPACT OF A SMALL UNIVERSITY ON A LOCAL ECONOMY: SARAJEVO EXAMPLE”. Journal of Management and Economics Research, vol. 17, no. 3, Sept. 2019, pp. 73-92, doi:10.11611/yead.601878.
Vancouver
1.Hakan Yıldız, Azra Brankovıć, Recai Aydın. IMPACT OF A SMALL UNIVERSITY ON A LOCAL ECONOMY: SARAJEVO EXAMPLE. Journal of Management and Economics Research. 2019 Sep. 1;17(3):73-92. doi:10.11611/yead.601878