Policymakers acknowledge the regional benefits of the university, yet cut h
igher education budgets. Incorporating the theory of diffusion of innovatio
n, we develop a mathematical model to explore the long-term effects of univ
ersity budget cuts. Simulations indicate that the full impact of budget mod
ifications may not be realized for several decades. (C) 2001 Elsevier Scien
ce Ltd. All rights reserved.