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
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Details
Primary Language
English
Subjects
Economics
Journal Section
Research Article
Authors
Hakan Yıldız
*
0000-0002-0975-7152
Türkiye
Azra Brankovıć
This is me
0000-0002-1728-0016
Bosnia and Herzegovina
Publication Date
September 30, 2019
Submission Date
August 5, 2019
Acceptance Date
September 1, 2019
Published in Issue
Year 2019 Volume: 17 Number: 3