Skilled graduates key driver for regional growth: NY Fed paper

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Colleges and universities can contribute to the economic success of a region by deepening the skills and knowledge of its residents, according to a New York Federal Reserve paper published on Thursday.

Jaison Abel and Richard Deitz, the paper's authors, explore ways in which a region's higher education industry helps build regional human capital, focusing in particular on the metropolitan areas in New York and northern New Jersey.

The authors argue that colleges and universities can help

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