Roundtable on Research and Higher Education in Economics Research and Higher Education in Economics: Can We Deliver the Lisbon Objectives?
AbstractCan European economics become "the most dynamic and competitive in the world"? Using readily accessible data, this paper documents the following aspects. (i) Today, the United States outperforms Europe by a factor of the order of 3, with no clear trend; the Lisbon goal is not in sight. (ii) Europe is not homogeneous; the United Kingdom and the small countries in north central Europe significantly outperform the Big 4 continental countries (France, Germany, Italy, Spain); we conclude that the Big 4 should accept English as the lingua franca of economics and implement major institutional reforms. (iii) Some 35 leading economics departments (a dozen from each of these three areas) account for 75% of Europe's research output. (iv) The concentration of research in leading departments is substantial but not exclusive; it is comparable in Europe and the United States, but leading U.S. departments have incomparably more resources and also benefit from access to an integrated labor market. (v) Few PhD programs are of efficient size, especially in Europe, so further concentration is needed. (vi) Second-best funding of higher education calls for block grants to efficient programs; in Europe, these should be organized at the EU level. We conclude with a modest proposal (â‚¬ 15 million per year) consisting of block grants to leading departments and to young academic researchers. Our optimistic verdict is that substantial progress toward the Lisbon goal is in sight, but it requires significant departures from current practices. (JEL: I21, I23) (c) 2007 by the European Economic Association.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by MIT Press in its journal Journal of the European Economic Association.
Volume (Year): 5 (2007)
Issue (Month): 2-3 (04-05)
Contact details of provider:
Web page: http://www.mitpressjournals.org/jeea
Find related papers by JEL classification:
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- I23 - Health, Education, and Welfare - - Education - - - Higher Education and Research Institutions
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Lex Borghans & Frank Cörvers, 2010.
"The Americanization of European Higher Education and Research,"
in: American Universities in a Global Market, pages 231-267
National Bureau of Economic Research, Inc.
- Borghans Lex & Cörvers Frank, 2009. "The Americanization of European Higher Education and Research," Research Memoranda 010, Maastricht : ROA, Research Centre for Education and the Labour Market.
- Lex Borghans & Frank Cörvers, 2009. "The Americanization of European Higher Education and Research," NBER Working Papers 15217, National Bureau of Economic Research, Inc.
- Borghans, Lex & Cörvers, Frank, 2009. "The Americanization of European Higher Education and Research," IZA Discussion Papers 4445, Institute for the Study of Labor (IZA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Karie Kirkpatrick).
If references are entirely missing, you can add them using this form.