TAILIEUCHUNG - The Economic Impact of The Higher Education System Of the State of Oklahoma

Examples of specific studies that have documented the direct, indirect and induced impacts of public transportation investment and operating spending on region-wide jobs and wages are the Atlanta MARTA Economic Impact Study (Tanner and Jones, 2007), the Oklahoma Transit Impact Study (Johnson, 2003), the Wisconsin Transportation Impact Study (Cambridge Systematics and EDR Group, 2003) , Chicago Transit Economic Impact Study (EDR Group et al, 2007) and California High Speed Rail Environmental Impact Study (Cambridge Systematics and EDR Group, 2007). . | a REMI The Economic Impact of The Higher Education System Of the State of Oklahoma Prepared by Regional Economic Models Inc. For The Oklahoma State Regents for Higher Education September 2008 433 West St. Amherst MA 01002 Telephone 413 549-1169 Fax 413 549-1038 Copyright Regional Economics Models Inc. 2008. All rights reserved. Table of Contents I. EXECUTIVE II. III. OVERVIEW OF OKLAHOMA S IV. METHODOLOGY AND SIMULATION V. RESULTS AND Graduate Student Employment CAPITAL Expenditures and Construction Visitors and Grand VI. VII. VIII. OVERVIEW OF REMI POLICY Block 1. OUTPUT AND Block 2. Labor and Capital Block 3. POPULATION AND Labor Block 4. Wages Prices and Block 5. Market IX. CONTACT 1 I. Executive Summary The Oklahoma State Regents for Higher Education OSRHE contracted with Regional Economic Models Inc. REMI to analyze the economic contribution of higher education on Oklahoma. The results of this analysis demonstrate the state s economic dependence upon higher education and more specifically its graduates. Beginning with 2008 and examining only current and future contributions of higher education the study shows that by 2048 the different facets of higher education will contribute to over 23 of Oklahoma s economy. Given that Oklahoma has benefited from the gains of higher education for over one hundred years it is likely that past graduates and higher education spending have contributed a comparable percentage to today s economy. The analysis herein begins with today s economy which already includes the contributions of higher education to date and examines the changes to it moving forward. Using a model of the State of Oklahoma and data provided by the OSRHE REMI evaluated the contributions of higher education from 2008 to

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