The paper evaluates the regional and local economic impact of the University of Cardiff, dividing its effects into two major sides: ”expenditure impacts” and ”knowledge impacts”. It reviews the major tools and methodologies available in the literature to assess the two sides. It measures...

The paper highlights that economics of education formally evolved in the last century, but its conceptualization was articulated centuries ago. The most prominent economists to address issues of human capital were A. Smith, J. S. Mill and A. Marshall. The residual portion of economic growth...