TAILIEUCHUNG - The University of New Hampshire A Pillar in the New Hampshire Economy

Having discussed robustness, Section IV turns to three extensions of our baseline results. First, we check whether the baseline results differ depending on whether the fiscal consolidation reflects changes in government spending or changes in revenue. The results suggest that fiscal multipliers were, on average, underestimated for both sides of the fiscal balance, with a slightly larger degree of underestimation associated with changes in government spending. Second, we examine forecast errors for the unemployment rate and for the components of GDP. We find that forecasters significantly underestimated the increase in unemployment and the decline in private. | The University of New Hampshire A Pillar in the New Hampshire Economy An Economic Impact Study Ross Gittell James R. Carter PROfESSOR Of Management Josh R. Stillwagon . Candidate in Economics FEBRUARy 2009 Whittemore School Of Business and Economics UNiVERsiTy of New Hampshire University JBL of New Hampshire .À University JB8Lọf New Hampshire TABLE OF CONTENTS I. Overview II. Main Findings III. Comparing UNH Economic Impact Estimate with Other Universities IV. UNH Economic Impact Methodology V. UNH s Net Impact VI. UNH s Skilled Workforce Contribution VII. UNH Contributions that are Hard to Quantify VIII. Alumni and Corporate Contact Surveys IX. Conclusion OVERVIEW This report documents the economic contributions of the University of New Hampshire UNH . UNH s economic impact includes the direct and multiplier impacts of the University s employment of New Hampshire residents and expenditures in the state and UNH s contribution to the skilled workforce in the state. The analysis draws on commonly used and well-accepted economic impact assessment methods. It provides conservative figures for UNH s impact as it uses modest valuation and multiplier assumptions in economic impact estimates. The report also describes some of the important contributions the University makes to New Hampshire s economy that are difficult to quantify and are not included in the economic impact estimates. .À University JB8Lọf New Hampshire MAIN FINDINGS The University of New Hampshire s economic footprint in New Hampshire is significant. At a time when private industry is reducing employment the University is playing a very important role as a stabilizing force in the state s economy and helping to ensure the state is well-positioned for growth when the national economy recovers. UNH currently contributes approximately billion annually to New Hampshire s economy. This represents of New Hampshire s total 51 billion Gross State Product in 2008. UNH s economic contributions include .

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