This research delves into the intricate dynamics between research and development (R&D) expenditure, educational attainment, human capital development, and economic progress in the realm of technological innovation, utilizing panel data analysis from 1996 to 2022. Nine nations Spain, Sweden, Finland, Denmark, Norway, Netherlands, United…

While universities already play an important role in attracting Foreign Direct Investment (FDI) to the UK, there is a clear opportunity to expand and enhance this role through better collaboration between universities, local growth partners and government. This HEPI Report intends to begin a conversation -- within universities and across local…

This paper describes the effects of workers' investments in their own education in light of the complementarity the Acemoglu (1997) and Redding (1996) showed to exist between R&D and education investments. Despite the different investment efforts that economies pour into their economies, many developing, and least developed countries are…

The acceptance of new growth theory relates, in part, to a number of highly touted regional success stories--or what I term "Knowledge Based Economic Areas" (KBEAs) in this and past essays. The United States, and California in particular, is viewed as perhaps the most robust creators of KBEAs, providing an influential model that is…

Merit Goods have always received handsome attention and allocation from countries which have witnessed a congruence between high significant economic growth and Human Development Index (HDI). The Emerging Market Economies (EMEs) have become significant manufacturing hubs by universalizing education and improving their Incremental Capital Output…

In the 12th Five-Year Plan (2011--2015), the Chinese Committee of Science, Technology and Education, the main body for the central government's innovation policy, highlights the strengthening of the scientific--technological base and the upgrading of domestic innovative competences, and places the industrial focus on seven new strategic…

This paper presents the keynote speech by Professor Steve Smith, President of Universities UK, delivered at Universities UK Annual Conference last September 2010. In this speech, Professor Smith focused on two sets of issues: firstly, the future of the UK economy and, secondly, the potential pitfalls of the decisions that are shortly to be made by…

While every state continues to experience the impacts of the economic downturn and resulting recession, it will be many years before people understand the full nature and causes of the financial crisis. But it appears that one of the contributing factors to both the crisis and the anemic nature of the recovery has been the weakened position of the…

Since taking office, President Obama has taken historic steps to lay the foundation for the innovation economy of the future. The Obama Innovation Strategy builds on well over $100 billion of Recovery Act funds that support innovation, additional support for education, infrastructure and others in the Recovery Act and the President's Budget, and…

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…

Over the last two decades, Ireland has proactively marketed its educated workforce, its favourable corporate tax rates, membership of the European common market, and other advantages, to multinational technology corporations. The resulting foreign direct investment in high-tech manufacturing operations has driven a booming Irish economy that has…

Economic development in South Korea, Singapore, Hong Kong, Taiwan, and Ireland has accelerated dramatically since the 1960s, as it has in China more recently. These areas share a common element in their development strategies--the aggressive pursuit, acquisition, and incorporation of knowledge from industrialized nations. In this article, the…

Research that occurs in universities under conditions of patronage is distinguished from research that occurs under less distorted market conditions. It is claimed that academic research is shifting from an area of patronage consumption to one of economic development investment. In addition to considering the markets for academic research and…

A good framework for investment in innovation can contribute to increasing Chile's growth potential. Spending on R&D is currently low in relation to GDP and heavily reliant on government financing. Innovation activity in the business sector is also limited by insufficient seed and venture capital and human capital constraints. This is despite…

West Germany has traditionally excelled in science and technology. During the past 20 years, it has increased its expenditures and personnel for research and development to the extent that it has now reached a level of research and development investment that is comparable to that of the United States. This document profiles West Germany's…