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…

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…

This study investigates the relationship between Program for International Student Assessment (PISA) scores in mathematics, science and reading and the employment rates in the following four economic activities: research and development, agriculture, industry, and service industries. Thirty-three countries were included in the study, and most…

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…

Not all observers agree that higher education and economic growth are obvious or necessary complements to each other. The controversy may be exacerbated because of the difficulty of measuring the exact contribution of colleges and universities to economic growth. Recognizing that a model based on local conditions and higher education's response…

"OECD in Figures" is a primary statistical source for key data on OECD countries, ranging from economic growth and employment to inflation, trade and environment. Information is presented in tabular form for: (1) Demography and Health; (2) Economy; (3) Energy; (4) Labour; (5) Science and Technology; (6) Environment; (7) Education; (8)…

Sustained investment in science and engineering research and education in universities in the United States is advocated as a means of progressing economically. Information related to economic advancement is provided through summaries of recent trends in research, education, and economics. Ideas and data are reviewed in reference to: (1) the need…

Ontario's economic productivity, competitiveness and growth in the 21st century depend on investments in three critical areas: highly qualified people, ideas (research and development), and the adoption and diffusion of new technologies. Compared to many other jurisdictions, Ontario is underutilizing its college system's potential to contribute to…

This report summarizes the findings of a study which used traditional input-output economic models merged with recent understandings of new growth theory to measure and assess both the static and dynamic economic impact of university research, especially in Canada. The study highlights were: (1) university research is a powerful stimulus for…