BY BRIAN C. MITCHELL In a thoughtful commentary on Philly.com recently, Pennsylvania State Treasurer Joe Torsella, offered an insightful perspective on Pennsylvania’s #1 national ranking for most college debt per student, a dubious distinction. The level has reached $35,000 at graduation, or roughly the price of a fully loaded, full–sized new car. It’s a growing…
BY BRIAN C. MITCHELL In post-industrial America, the roles played by large nonprofits – especially its hospitals and universities – power the economic engines in many regional economies. What would cities like San Francisco, Philadelphia, Pittsburgh, and Boston look like without their large educational and medical research complexes? Would other cities, such as Houston, Chicago,…
POSTED BY MARTIN KICH Anna Valero and John Van Reenen, both of the London School of Economics, have published one of the first studies to examine the impact of universities on national and regional growth, both within nations and across national borders. This is the abstract of their paper: “We develop a new dataset using…