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Research and higher education in economics: can we deliver the Lisbon objectives

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  • DREZE, Jacques H;
  • ESTEVAN, Fernanda

Abstract

Can European economics become “the most dynamic and competitive in the world”? Using readily accessible data, the paper documents the following aspects: (i) today, the US outperform 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 UK and the small countries in North-central Europe outperform significantly the Big 4 continental countries (France, Germany, Italy, Spain); the Big 4 should accept English as the lingua franca of economics, and implement ma jor institutional reforms; (iii) some 30 leading economics departments ( ten from each of these three areas) account for some 70-75% 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 US, but leading US departments have incomparably more resources and benefit from access to an integrated labour market; (v) few PhD programs are of effcient size, especially in Europe, calling for further concentration; (vi) second-best funding of higher education calls for block grants to effcient programs; in Europe, these should be organised at EU level. I conclude with a mosdest proposal (15 million euros per year) consisting of block grants to leading departments and to young academic researchers. My optimistic verdict is that substantial progress towards the Lisbon goal is at hand, but requires significant departures from current practices

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File URL: http://dx.doi.org/10.1162/jeea.2007.5.2-3.271
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Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers RP with number -1941.

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Handle: RePEc:cor:louvrp:-1941

Note: In : Journal of the European Economic Association, 5(2-3), 271-304, 2007
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Cited by:
  1. Charles T. Clotfelter, 2010. "Introduction to "American Universities in a Global Market"," NBER Chapters, in: American Universities in a Global Market, pages 1-29 National Bureau of Economic Research, Inc.
  2. Mirucki, Jean & Nicot, Bernadette & Poshyvak, Maria, 2007. "What Can EconLit Reveal Us About Ukraine's Scholarly Production?," MPRA Paper 29089, University Library of Munich, Germany.
  3. Courtault, Jean-Michel & Hayek, Naïla & Rimbaux, Eric & Zhu, Tong, 2010. "Research in economics and management in France: A bibliometric study using the h-index," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, Elsevier, vol. 39(2), pages 329-337, April.
  4. Ana Rute Cardoso & Paulo Guimarães & Klaus F. Zimmermann, 2008. "Comparing the Early Research Performance of PhD Graduates in Labor Economics in Europe and the USA," UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) 760.08, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  5. Borghans, Lex & Cörvers, Frank, 2009. "The Americanization of European Higher Education and Research," IZA Discussion Papers 4445, Institute for the Study of Labor (IZA).
  6. Oswald, Andrew J., 2009. "World-Leading Research and its Measurement," The Warwick Economics Research Paper Series (TWERPS) 887, University of Warwick, Department of Economics.
  7. Cardoso, Ana Rute & Guimaraes, Paulo & Zimmermann, Klaus F., 2010. "Trends in Economic Research: An International Perspective," IZA Discussion Papers 4785, Institute for the Study of Labor (IZA).
  8. Javier Ruiz-Castillo, 2008. "Economics research in Spain during the 1990s: a literature review," Spanish Economic Review, Springer, Springer, vol. 10(3), pages 221-249, September.
  9. Josef Falkinger, 2007. "Distribution and Use of Knowledge under the “Laws of the Web”," CESifo Working Paper Series 2154, CESifo Group Munich.
  10. Pedro Albarrâan & Javier Ruiz-Castillo, 2012. "The measurement of scientific excellence around the world," Economics Working Papers we1208, Universidad Carlos III, Departamento de Economía.
  11. Oswald, Andrew J., 2009. "A Suggested Method for the Measurement of World-Leading Research (Illustrated with Data on Economics)," IZA Discussion Papers 4313, Institute for the Study of Labor (IZA).

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