Oklahoma Higher Education - PowerPoint PPT Presentation


Title: Oklahoma Higher Education


1
Oklahoma Higher Education
  • By Josh Brownstein
  • Associate Economist
  • Regional Economic Models, Inc.

2
Overview
  • Predict the total economic impacts of the higher
    educational system of the state of Oklahoma
  • Major impacts on graduate earnings, student
    expenditures, employment effects on the Oklahoma
    economy

3
OSRHE
  • Oklahoma State Regents for Higher Education
    provided the necessary inputs for the policy
    variables being analyzed
  • Examples of variables capital assets, land,
    construction, furniture, fixture, equipment,
    machinery, library materials, and infrastructure
  • Analysis used for total operating expenses

4
REMI analysis
  • Using Policy Insight, REMI looked at the direct
    impact on
  • Institutional employment and spending
  • Student and visitor spending
  • Graduate earnings
  • Productivity

5
Simulations
  • Run a simulation from 2008 to 2050 to analyze the
    results
  • Look at the economic impact between non-college
    educated students and college graduates
  • 94 occupational matrix
  • -gtused for analysis within occupations and
    specific industries

6
Economic Growth
  • Benefits for the state of Oklahoma
  • Creation of new jobs including teachers,
    maintenance workers, and other faculty
    opportunities
  • More competitive industries with higher education
  • More investment and consumption

7
Productivity Results
  • As each year colleges and universities graduate a
    class of seniors who will be more productive than
    non-college educated individuals over their
    entire working lives

8
Baseline vs. Higher Education
  • Gross State Product (Bil Nom)

9
Total Employment and Labor Force Growth
10
Employment
  • Employment (Thousands), Graduate Earnings
  • Graduate earnings initial effect on disposable
    personal income increased consumption, which in
    turn increased employment

11
Student Expenditures
  • Students tend to spend money on tuition,
    textbooks, room and board, and other
    miscellaneous consumption
  • Consumption (Bil Nom)

12
Employment Effect
  • Output (Bil Nom)

13
Productivity Gains by Degree Type
  Consumption (Bil Nom) Consumption (Bil Nom) Consumption (Bil Nom) Consumption (Bil Nom) Consumption (Bil Nom) Consumption (Bil Nom)
  2008 2018 2028 2038 2048 Average
PRODUCTIVITY            
Associate's 0.01 0.24 0.64 1.31 2.43 0.93
             
Bachelor's 0.06 1.08 2.85 5.81 10.79 4.12
             
Graduate/Professional 0.03 0.57 1.50 3.07 5.70 2.17
             
Aggregate 0.10 1.89 5.00 10.20 18.97 7.23
14
Higher Education Scenario
15
Higher Education Results
16
Graduate Earnings
  • Disposable Personal Income (Bil Nom)

17
Analyzing Results
  • In 2008, there will be an increase of 331 (284)
    million in disposable income
  • Annual contribution of disposable income will
    increase by 8.825 billion from 2008-2048
  • Long run-gtincrease disposable income, will
    increase economic activity leading to more
    economic growth for the region

18
Conclusion
  • Thank You!
View by Category
About This Presentation
Title:

Oklahoma Higher Education

Description:

Oklahoma Higher Education ... higher educational system of the state of ... Run a simulation from 2008 to 2050 to analyze the results Look at the ... – PowerPoint PPT presentation

Number of Views:82
Avg rating:3.0/5.0
Slides: 19
Provided by: sce6
Learn more at: http://www.remi.com
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Oklahoma Higher Education


1
Oklahoma Higher Education
  • By Josh Brownstein
  • Associate Economist
  • Regional Economic Models, Inc.

2
Overview
  • Predict the total economic impacts of the higher
    educational system of the state of Oklahoma
  • Major impacts on graduate earnings, student
    expenditures, employment effects on the Oklahoma
    economy

3
OSRHE
  • Oklahoma State Regents for Higher Education
    provided the necessary inputs for the policy
    variables being analyzed
  • Examples of variables capital assets, land,
    construction, furniture, fixture, equipment,
    machinery, library materials, and infrastructure
  • Analysis used for total operating expenses

4
REMI analysis
  • Using Policy Insight, REMI looked at the direct
    impact on
  • Institutional employment and spending
  • Student and visitor spending
  • Graduate earnings
  • Productivity

5
Simulations
  • Run a simulation from 2008 to 2050 to analyze the
    results
  • Look at the economic impact between non-college
    educated students and college graduates
  • 94 occupational matrix
  • -gtused for analysis within occupations and
    specific industries

6
Economic Growth
  • Benefits for the state of Oklahoma
  • Creation of new jobs including teachers,
    maintenance workers, and other faculty
    opportunities
  • More competitive industries with higher education
  • More investment and consumption

7
Productivity Results
  • As each year colleges and universities graduate a
    class of seniors who will be more productive than
    non-college educated individuals over their
    entire working lives

8
Baseline vs. Higher Education
  • Gross State Product (Bil Nom)

9
Total Employment and Labor Force Growth
10
Employment
  • Employment (Thousands), Graduate Earnings
  • Graduate earnings initial effect on disposable
    personal income increased consumption, which in
    turn increased employment

11
Student Expenditures
  • Students tend to spend money on tuition,
    textbooks, room and board, and other
    miscellaneous consumption
  • Consumption (Bil Nom)

12
Employment Effect
  • Output (Bil Nom)

13
Productivity Gains by Degree Type
  Consumption (Bil Nom) Consumption (Bil Nom) Consumption (Bil Nom) Consumption (Bil Nom) Consumption (Bil Nom) Consumption (Bil Nom)
  2008 2018 2028 2038 2048 Average
PRODUCTIVITY            
Associate's 0.01 0.24 0.64 1.31 2.43 0.93
             
Bachelor's 0.06 1.08 2.85 5.81 10.79 4.12
             
Graduate/Professional 0.03 0.57 1.50 3.07 5.70 2.17
             
Aggregate 0.10 1.89 5.00 10.20 18.97 7.23
14
Higher Education Scenario
15
Higher Education Results
16
Graduate Earnings
  • Disposable Personal Income (Bil Nom)

17
Analyzing Results
  • In 2008, there will be an increase of 331 (284)
    million in disposable income
  • Annual contribution of disposable income will
    increase by 8.825 billion from 2008-2048
  • Long run-gtincrease disposable income, will
    increase economic activity leading to more
    economic growth for the region

18
Conclusion
  • Thank You!
About PowerShow.com