Institutions of Higher Education and the Regional Economy: A Long-Term Spatial Analysis
Table 5
Spatial Regressions of Changes in Log County Wage/Salary per Job 1970–2000.
(1)
(2)
(3)
(4)
(5)
(6)
Coefficient
LR
Coefficient
LR
Coefficient
LR
Coefficient
LR
Coefficient
LR
Coefficient
LR
Number of colleges
−0.001
0.34
−0.001
0.53
−0.001
0.52
−0.002
0.67
Number of large colleges
−0.013
2.09
−0.014
2.13
Number of colleges—Engineering
−0.008
0.76
−0.009
0.85
Number of colleges—Business
0.036***
8.01
0.035***
7.66
Number of colleges—Medicine
0.009
0.37
0.009
0.32
Spatially lagged number of colleges
0.015***
73.99
0.016***
76.10
0.015***
19.05
0.015***
20.27
Spatially lagged number of large colleges
−0.021
0.98
−0.021
0.95
Spatially lagged number of colleges—Engineering
0.014
0.38
0.013
0.30
Spatially lagged number of colleges—Business
0.048
2.32
0.048
2.31
Spatially lagged number of colleges—Medicine
−0.013
0.14
−0.017
0.23
Number of colleges—Doctoral/Master’s
−0.007
2.34
−0.008
2.91
Number of colleges—Baccalaureate
−0.0003
0.004
−0.0006
0.01
Number of colleges—Associate’s
−0.010**
5.30
−0.010**
5.46
Number of colleges—Other Carnegie
0.005
2.41
0.005
2.35
Spatially lagged number of colleges—Doctoral/Master’s
0.021**
4.20
0.021**
4.01
Spatially lagged number of colleges—Baccalaureate
0.027**
6.00
0.029***
6.66
Spatially. lagged number of colleges—Associate’s
−0.001
0.02
0.0002
0.0007
Spatially lagged number of colleges—Other Carnegie
0.015**
6.55
0.015**
6.45
Industrial mix controls included?
No
Yes
No
Yes
No
Yes
Observations
3076
3076
3076
3076
3076
3076
LR-fit
1969.1***
1973.7***
1984.1***
1988.4***
1984.9***
1989.6***
LR-lags
74.0***
76.1***
80.6***
82.4***
76.4***
78.2***
*significant at 10%; **significant at 5%; ***significant at 1%. Also included in the control set are state dummies, land area, log wage, and a quartic of log employment (not shown).
