Economic Impacts of Higher Education on the Oklahoma Economy

1
Economic Impacts of Higher Education on the
Oklahoma Economy

• Prepared by
• Kent W. Olson
• Gerald A. Doeksen
• Fred C. Eilrich
• Gerald M. Lage
• Michael D. Woods
• College of Business Administration
• And Division of Agricultural Sciences and Natural
  Resources
• Oklahoma State University
• Research Assisted by Laura Cupp
• Oklahoma State Regents for Higher Education

2
Jobs Created by Higher Education
Capital Expends
Oper Expends
Student Expends
Visitor Expends
On Campus
Off Campus
EMP EXP
EMP EXP
Direct Jobs
Direct Jobs
EMP MULT
EMP MULT
Total Direct Jobs
Total Jobs
Total Jobs
Total Jobs
3
Income Created by Higher Education
Wages From Capital
EMP.COMP From Operations
Wages From Student Expends
Wages From Visitor Expends
Direct Income
Direct Income
Income Mult
Income Mult
Total Income
Total Income
Total Income
4
Jobs Created by Higher Education
5
Income Created by Higher Education(Millions)
6
Jobs Created from Exporting Higher Education
Federal Payments
Spending By Non-Resident Students
On Campus
Off Campus
EMP EXP
EMP EXP
EMP EXP
Direct Jobs
EMP EXP
Total Jobs
7
Higher Education As An Export Industry

• Expenditures
• Non-Resident Students 145.8 Million
• Federal Payments 161.1 Million
• 306.9 Million
• TOTAL JOBS 13,217.00
• 227 million received directly by colleges and
  universities, or 39.5 percent of appropriations
• 16 Percent of all jobs created by higher
  education