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Provides a review of studies that examine the extent to which university research promotes local economic growth and development, with a primary focus on economic impacts that derive from the innovative outputs of faculty. These impacts include the attraction of industrial laboratories, the start-up of new high-tech businesses, and competitive advantages enjoyed by local businesses when their technology is advanced by university research.
After completing his undergraduate degree in economics at Wake Forest University, Kent received his Ph.D. in economics from Rice University in 1979. He was an assistant professor at ASU from 1978 to 1983. After leaving the university for seven years, during which he worked in the research department of the Federal Reserve Bank of Dallas, he returned to ASU to teach in 1991. He joined ASU’s L. William Seidman Research Institute in 1999.
An update to the November 2022 paper that presented data through 2021, estimates are presented of the number of ASU graduates working in Arizona, as well as their average wage, aggregate wages, and tax payments. Estimates are made for each year from 2012 through 2022.
State and local government appropriations for public higher education — community colleges and universities combined — in Arizona as of fiscal year (FY) 2022 were considerably below the amount needed to equal the national average per full-time-equivalent (FTE) student.…
Arizona’s median age in 2020 of 38.9 was nearly identical to the national average, but the state’s increase in median age between 2010 and 2020 tied for the highest in the country. Arizona’s larger-than-average increase can be traced to strong net in-migration at early…