Irish third-level colleges generate €4 for each €1 spent

Third-level colleges generate €4 for every €1 they spend, and seven jobs for each person they employ, a study suggests.

The jobs impact of Dublin’s three universities is higher on the capital than the impact other universities have on their regions.

Brian Lucey, professor in finance at Trinity College Dublin’s business school and one of three authors of the article, published in Studies in Higher Education, said it was one of the first attempts to analyse the economic impact of the sector.