Innovation and Education: Is there a ‘Nerd Effect’?
AbstractThis paper investigates whether entrepreneurs with technical education are more innovative in high-tech industries than economists. The main contribution to the literature is in using the type of education as main explanatory variable for innovation. To analyze this question, the KfW/ZEW Start-Up Panel between 2005 and 2007 is used. Two independent OLS regressions are conducted for entrepreneurs with university degree and practical education. The results suggest that education matters for individuals with a university degree in high-tech industries but not for people with practical education. Having an economics degree is correlated with higher innovativeness. Therefore, for the underlying sample we do not find a ‘nerd effect’. The results depend on the underlying definition of innovation, as robustness checks show.
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Bibliographic InfoPaper provided by Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute of Economics (VWL) in its series Darmstadt Discussion Papers in Economics with number 56008.
Date of creation: 11 Jan 2012
Date of revision:
Publication status: Published in Darmstadt Discussion Papers in Economics . 210 (2012-01-11)
Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/56008/
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entrepreneurship; innovation; education;
Other versions of this item:
- Goldbach, Stefan, 2012. "Innovation and Education: Is there a 'Nerd Effect'?," Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62307, Verein für Socialpolitik / German Economic Association.
- A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-25 (All new papers)
- NEP-EDU-2012-01-25 (Education)
- NEP-ENT-2012-01-25 (Entrepreneurship)
- NEP-HRM-2012-01-25 (Human Capital & Human Resource Management)
- NEP-INO-2012-01-25 (Innovation)
- NEP-LAB-2012-01-25 (Labour Economics)
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