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The Economic Impact of the University of New Mexico on the State of New Mexico

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/20709

The Economic Impact of the University of New Mexico on the State of New Mexico

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Title: The Economic Impact of the University of New Mexico on the State of New Mexico
Author: Potter, Nicholas
Subject: University of New Mexico
Economic impact studies
New Mexico
Employment
Revenues
IMPLAN Professional software
Multiplier effect
Abstract: The University of New Mexico (UNM) Office of the President commissioned the Bureau of Business and Economic Research (BBER) to study the impact of UNM on the New Mexico economy for fiscal year 2007. This report includes the results of the study, a description of its methodology, and review of the data leading to the study’s findings. The study focused on the impact of UNM spending and employment; using IMPLAN Pro 2.0, the author did an input-output analysis of revenues and expenditures and considered their indirect and induced effects on the state’s economy. The study found that in FY 2007 UNM operations, including all campuses and UNM hospitals, accounted for $1.75 billion in expenditures and 14,932 full-time equivalent jobs, with salaries and benefits totaling $860 million. Approximately 41% of UNM expenditures were supported by out-of-state revenue sources; for every out-of-state dollar spent by UNM in the state, $1.88 was generated for the NM economy.
Date: 2007-12
Publisher: University of New Mexico, Bureau of Business and Economic Research
URI: http://hdl.handle.net/1928/20709


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