Given that most economies are now in recession, policymakers are looking to small firms to act as engines of economic growth; this has led to a revived interest in the role of enterprise policy. The "new" enterprise policy is systemic, promoting and shaping externalities and capabilities. At its core are R&D, innovation and education. It…

Research and development drives innovation and innovation drives long-run economic growth, creating jobs and improving living standards in the process. University-based research is of particular importance to innovation, as the early-stage research that is typically performed at universities serves to expand the knowledge pool from which the…

American research universities are arguably the world's most powerful engines of innovation and discovery. Yet they are widely misunderstood and in danger of losing their capacity to drive economic progress and improve our lives. Jonathan Cole, John Mitchell Mason University Professor at Columbia University, notes that the preeminence of American…

American universities today serve as economic engines, performing the scientific research that will create new industries, drive economic growth, and keep the United States globally competitive. But only a few decades ago, these same universities self-consciously held themselves apart from the world of commerce. "Creating the Market University" is…

Using data from the Programme for International Student Assessment (PISA) and the Trends in International Mathematics and Science Study (TIMSS), we investigate the link between test scores (mathematics and science) and cross-country income differences. We would like to know whether test scores are good indicators of labor-force quality. The…

Big ideas for the future is a joint report by Universities UK and Research Councils UK, published as part of the second annual Universities Week campaign. This new report explores the excellent research taking place in UK higher education today and what it will mean for us in 20 years' time. It demonstrates the value of public investment in higher…

Applied research and development activities at regional state colleges and universities bolster their primary mission of undergraduate education as well as contribute to local and statewide economic growth. As states boost efforts to fund and stimulate research as part of an integrated economic development strategy, they should seek to fully…

Canada weathered the global economic crisis well, mainly reflecting sustained growth in domestic pending, and the economy is continuing to grow despite the persistence of international turbulence, most recently stemming from the euro zone sovereign debt crisis. In Canada's case, several factors are acting in its favour. Federal fiscal plans are…

The National Nanotechnology Initiative (NNI) is the U.S. Government's crosscutting program that coordinates Federal research and development (R&D) activities in nanoscale science, engineering, technology, and related efforts among various participating agencies. The Federal Government launched the NNI in FY 2001 with an initial $500 million…

Academic research institutions have long been important economic anchors for New York City. They provide thousands of jobs and serve as a magnet for talented students and faculty, who inject hundreds of millions of dollars into the local economy through federal research grants. Yet, even though New York's concentration of top-fight scientific…

This article examines from an economic perspective the ways in which Open Educational Resources (OER) can be linked to economic growth, equality of access to knowledge, and the improvement of teaching and learning. In leading economies, technology and knowledge are the critical factors of economic growth, which is a significant shift from the…

This report addresses an opportunity to accelerate progress in virtually every branch of science and engineering concurrently, while also boosting the American economy as business firms also learn to exploit these new capabilities. The successful rapid advancement in both science and technology creates its own challenges, four of which are…

Discusses three main ways New England's institutions of higher education can help secure the region's strong position in the "new economy": (1) educating a skilled workforce for the twenty-first century; (2) capturing and effectively utilizing research and development funding; and (3) helping provide economic opportunity for all…

This paper examines the potential role of innovation policy in enhancing long-term productivity growth in Russia. It begins by exploring the role of framework conditions for business in encouraging innovative activities, particularly with respect to intellectual property rights and competition. Realising Russia's innovation potential will also…

Mass Insight Corp, a public policy and communications firm that organizes public-private initiatives to support economic growth in Massachusetts, recently issued a new report, titled "An Economy at Risk," making the case for a Massachusetts economic development strategy organized around higher education and science and technology.…