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Investment in leading research universities generates a substantial return for the wider economy, and the 23 members* of the League of European Research Universities or LERU are contributing almost €100 billion (US$117 billion) to the European economy and 1.3 million jobs, according to a new study. The €100 billion figure is calculated as gross value added or GVA – revenues less cost of revenues. For every €1 of income received, LERU universities produce €4.83 of GVA, "a worthwhile investment by any measure", the study found. And each €1 of GVA directly contributed by the universities generates €6.87 of GVA in the wider economy. Extrapolating from that finding, the study suggests that the research universities sector as a whole across Europe may be contributing more than €400 billion and supporting 5.1 million jobs. This is equivalent to 2.7% of the total GVA of the European economy and 2.2% of all European jobs.
*The 23 members of LERU are: University of Amsterdam, University of Barcelona, University of Cambridge, University of Copenhagen, Trinity College Dublin, University of Edinburgh, University of Freiburg, University of Geneva, Heidelberg University, University of Helsinki, Leiden University, KU Leuven, Imperial College London, University College London, Lund University, University of Milan, Ludwig Maximilian University of Munich, University of Oxford, Pierre and Marie Curie University (Paris), University of Paris-Sud, University of Strasbourg, Utrecht University and University of Zurich. (Fonte: www.universityworldnews.com 08-12-17)
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