VICE-CHANCELLOR’S REPORT TO COUNCIL 2022—2023
CAVE HIll CAMPUS REPORT
from Leslie Robinson, who took that first step with 118 students, and look at where we are now.” The parade activities culminated with performances by musical artistes including the Cavite Chorale, Red Plastic Bag, Mikey, Mr. Blood, Chrystal Cummins-Beckles-Holder, and spoken word artist Adrian Green. Economic Impact of The UWI Cave Hill Campus A highlight of Cave Hill’s 60th Anniversary celebrations was the commemorative Legacy Lecture Series, themed “Building Resilience, Building Nations”, which was held in association with the Nation Publishing Company Limited to mark its 50th Anniversary. The series featured a line-up of preeminent scholars and thought leaders from across various disciplines of the Campus. Professor of Economics and Deputy Principal of the Cave Hill Campus, Winston Moore, presented the findings from his economic impact study during the lecture entitled “Valuing the Impact of The UWI Cave Hill Campus” which was held on April 18, 2023. This lecture was the second installation of a series of eight. Findings projected that The UWI Cave Hill Campus generates 3.42 dollars for every dollar invested by regional governments. Moore outlined that the purpose of the study was to evaluate the financial and economic returns that the government and people of the Caribbean gained from investing in The UWI.
Professor Winston Moore at the lectern delivering lecture on “Valuing the Impact of The UWI Cave Hill Campus”.
Three measures were adopted to assess the Campus’ contribution to the economy: the economic base, which assessed the extent to which the University’s expenditure led to the creation of jobs and the generation of income and tax revenue; the skills-based approach, which accounts for the value of the additional skills generated by the University and the impact on students’ incomes; and the existence value, which is the value the institution provides to its community through supporting cultural and sporting events and other community-based activities.
An examination of the economic base revealed that the total contribution of students was BB $268 million for the 2022/2023 academic year. Professor Moore’s estimate of the contribution of The UWI to the skills base, meanwhile, revealed that for the 2022/23 cohort of graduates, the Campus generated BB $707 million in additional lifetime income, with BB $572 million accruing to Barbados. The existence value of The UWI Cave Hill Campus was estimated at BB $37 million. Given the contributions of The UWI to medicine, culture, law, just to name a few, it is very likely that the estimate provided underestimates the existence value of the Campus.
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