Report on UC’s Economic Impact on State
At the recent Regents meeting, there was a report on the economic impact of UC on the California economy. Yours truly has some reservations about the regional multiplier approach which is emphasized in the report. The short-term real multiplier to be emphasized, which I thought was not adequately highlighted in the report, is that the state puts about $2.5 billion into UC and gets an enterprise with a budget of around $20 billion. A lot of that budget comes from outside the state, i.e., federal research and other funds. And in the long term, the impact on California’s growth can…
