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Raising Human Capital in Three U.S. Metropolitan Areas: Geographies of Educators Workforce Supply from Higher Education Institutions to Information Technology Companies  

Kim, Hyung-Joo (Research Fellow, Science & Technology Policy Institute)
Publication Information
Journal of the Korean Geographical Society / v.40, no.5, 2005 , pp. 533-552 More about this Journal
Abstract
Human capital and higher education have been increasingly emphasized with the rise of a knowledge-based economy. Cities are recognized as places to attract human capital and spur economic development. Educated workforce supply is one of the critical parts to sustain IT industries, which have been leading recent economic development. This paper examines factors affecting geographies of educated workforce supply from colleges and universities to companies in U.S. metropolitan areas through questionnaire survey and interviews with IT companies and IT-related programs at colleges and universities. The results show that: (1) physical proximity between IT companies and colleges/universities enhances the degree of educated workforce supply from colleges/universities to IT companies; (2) IT companies which seek more specialized and rarer expertise recruit the workforce from colleges or universities over longer distance; (3) colleges and universities which offer a higher degree have geographically more extensive supply of educated workforce to IT companies than those which offer a lower degree; and (4) large IT companies have more geographically extensive supply of educated workforce to colleges/universities than small IT companies.
Keywords
human capital; metropolitan areas; educated workforce supply; physical proximity; colleges and universities; IT companies;
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