Regional economies are routinely subject to the whims of the business cycle that can lead to job losses and lower incomes for residents when a recession hits or an industry declines. But new research co-written by a team of University of Illinois Urbana-Champaign economists finds that counties that also are home to a regional public university are better able to withstand adverse economic shocks than other similar counties.
Click here for original story, Paper shows regional public universities make local economies more resilient
Source: Phys.org