Analyses of University-Partnered Economic Development Initiatives and Minimum-Wage Policies Under Different Assumptions of Competition and Scale Economies

In this chapter we present general equilibrium analyses of economic development initiatives and minimum-wage policies that may be undertaken by a spatially dispersed, multiple-campus university in conjunction with a state government. The computable general equilibrium (CGE) model we employ in its two variants includes Cornell University as a sector (institution) unto itself (apart from other institutions of higher education in the state) and characterizes interactions between four regions of New York State—Tompkins County, counties adjacent to Tompkins County, the New York metropolitan area, and the rest of New York State—and areas external to the state. We compare projected policy outcomes for different assumptions about competition and scale economies.