Cork University Business School - Reports

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    The economic and societal impact of University College Cork
    (University College Cork, 2024-11) Yin, Yuping; Hogan, David; Doran, Justin; Hutchinson, Mark
    This study investigates the economic and societal impact of UCC, updating the 2018 Economic and Societal Impact of University College Cork report. The Financial Year 2021/2022 has been used as the reference year for the financial analysis. This report highlights the extensive economic, social and cultural impact of UCC, reflecting its pivotal role in the Cork region, nationally and beyond. It presents a select number of case studies as examples of the range and breath of the impact of UCC.
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    The economic and societal impact of University College Cork - Executive summary
    (University College Cork, 2018-05) Hutchinson , Mark; Hogan, David
    An ambitious, agile university with a modern focus, of rich historic heritage, UCC sits nestled in the western fringes of Cork city as if it has always been there. Reaching out into the community, both locally and globally, there are undeniable educational, financial, developmental, medical, societal and cultural benefits to having a leading-edge, world-class university in the city. In the same way that UCC’s role in society and the community has developed extensively over the past 173 years, the University has also become engrained economically in Ireland and the South West. You will see from our detailed analysis that UCC is now of vital importance to the national and local economies and to the Exchequer.
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    The economic and societal impact of University College Cork
    (University College Cork, 2018-05) Hutchinson , Mark; Hogan, David
    This study provides an in-depth analysis of University College Cork’s impact across five key areas, as well as considering the context in which UCC operates. The report examines the following: UCC’s economic impact at a national and regional level, through the expenditure of UCC itself, the spending of those employed by UCC, those who study there, those who have graduated in the past year, as well as those who visit UCC on an annual basis. The report evaluates the national taxation impact, the employment impact in Cork and the South-West Region, both as a result of direct and indirect jobs, the impact of current and future capital projects, and the impact of visitors and exports. We note that the impact of international students is particularly important from an expenditure and job creation perspective. UCC’s workforce development impact in the region and beyond, including the ability to graduate high calibre ‘world-ready’ and ‘work-ready’ individuals. We look at the investment into, and the output from, a UCC graduate’s education, in financial terms. We examine the subsequent effect on the salary of UCC graduates in the first year after graduation vis-a-vis non-graduates, and what this might mean financially over the lifetime of a professional career. UCC has a significant business impact and contribution to the wider Irish and international economy. This stems from the University’s leading position in relation to research and development activities, its role in attracting foreign direct investment and indigenous investment, as well as UCC’s impact on innovation and entrepreneurship. This section concludes by examining UCC’s pivotal contribution to local business in Cork and the South-West region. UCC’s impact in relation to creation and discovery. UCC is clearly driving growth nationally, particularly for the South-West region, through its significant research and development capabilities. It has a crucial role to play in knowledge creation and discovery, technology and knowledge transfer as well as a key role in commercialising that knowledge. Furthermore, UCC’s role in creation and discovery has a real impact on society and the community. Work emanating from UCC impacts the lives of millions of people around the globe. UCC’s impact on our society and in our community. UCC’s societal impact is as wide as its financial impact is deep. We examine UCC’s impact on social responsibility and the promotion of responsible processes, the physical environment impact, socio-cultural impact and the leading role UCC has taken with regard to widening participation in higher education. We look at the impact of consistent engagement with the community, cultural and sporting impacts, the impact on the health of our citizens and conclude by looking at UCC from an environmental and sustainability impact perspective.
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    A policy review for the development of high-level goals for the new Local Economic and Community Plan (LECP) for Cork City
    (Cork City Council, 2024) Ryan, Marie
    The LECP is ‘a process that seeks to enhance the delivery of national social and economic policy at the local level’ (Cork City Council, 2016). The Cork City LECP’s purpose sets out, for a six-year period, the objectives and actions needed to promote and support the economic development and the community development of the Cork area, both by Cork Local Authority directly and in partnership with other economic and community development stakeholders. This report contributes to the revised Cork City LECP by reviewing relevant local, regional, national, and global policies and strategies in areas surrounding social inclusion, enterprise, community development, participation, and support as well as sustainability. This report assists in deciding which high-level goals should be included in the newly revised Cork City Local Economic and Community Plan (LECP). By way of a summary table, the report reviews eighty-six policies. Key policy themes, as well as gaps in current LECP policy are identified. Recommendations are also made for policy development. Six high level goals are identified, namely, A Healthy and Happy Community; A Place of Values, Culture and Meaning; Innovative, Supportive and Social Partnerships; Inclusive Participation, Democracy and Good Governance; A Sustainable Green Environment and Work, Economic Growth, and Prosperity. Each respective goal is representative of the wider UN Sustainable Development themes People, Partnership, Peace, Planet and Prosperity. The report connects these high-level goals with the relevant Sustainable Development Goals (SDG’s). Finally, the report concludes connecting the suggested high level goals with pertinent policies.
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    EU ETS and competitiveness of Irish industry
    (Environmental Protection Agency, 2019) McInerney, Celine; O'Connor, Ellen; Power, Bernadette; Deane, Paul; McDermot, Tom; Environmental Protection Agency
    Irish electricity generators and energy-intensive industry are obliged to participate in the EU emissions trading system and this may lead to an increase in production costs for these companies. Reform of the European Union Emissions Trading System (EU ETS) has seen significant price increases and may lead to further volatility in prices for emissions allowances. There are concerns that increased costs of compliance will have a negative impact on business competitiveness in Ireland. This project aims to investigate the effects of the EU ETS on competitiveness by (i) reviewing the literature on regulation and firm competitiveness, (ii) analysing firm-level data to determine the impact of the EU ETS and green investment on the competitiveness of Irish industry thus far, (iii) using a survey to find the opinions of stakeholders regarding the EU ETS and emission reduction projects and (iv) estimating the effect on future electricity prices if Ireland were to participate in a carbon price floor.