Which firms want PhDS? The effect of the university-industry relationship on the PhD labour market
AbstractPhD graduates hold the highest education degree, are trained to conduct research and can be considered a key element in the creation, commercialization and diffusion of innovations. The impact of PhDs on innovation and economic development takes place through several channels such as the accumulation of scientific capital stock, the enhancement of technology transfers and the promotion of cooperation relationships in innovation processes. Although the placement of PhDs in industry provides a very important mechanism for transmitting knowledge from universities to firms, information about the characteristics of the firms that employ PhDs is very scarce. The goal of this paper is to improve understanding of the determinants of the demand for PhDs in the private sector. Three main potential determinants of the demand for PhDs are considered: cooperation between firms and universities, R&D activities of firms and several characteristics of firms, size, sector, productivity and age. The results from the econometric analysis show that cooperation between firms and universities encourages firms to recruit PhDs and point to the existence of accumulative effects in the hiring of PhD graduates.
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Bibliographic InfoPaper provided by Institut d'Economia de Barcelona (IEB) in its series Working Papers with number 2010/13.
Length: 26 pages
Date of creation: 2010
Date of revision:
PhD; university; R&D; technology transfer;
Other versions of this item:
- José García-Quevedo & Francisco Mas-Verdú & José Polo-Otero, 2010. "Which firms want PhDs? The effect of the university-industry relationship on the PhD labour market," Working Papers XREAP2010-02, Xarxa de Referència en Economia Aplicada (XREAP), revised Mar 2010.
- José García Quevedo & Francisco Mas-Verdú & Jose Polo Otero, . "Which firms want PhDs? The effect of the university-industry relationship on the PhD labour market," Working Papers 2010R02, Basque Institute of Competitiveness.
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- I23 - Health, Education, and Welfare - - Education - - - Higher Education and Research Institutions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-02 (All new papers)
- NEP-CSE-2010-05-02 (Economics of Strategic Management)
- NEP-EDU-2010-05-02 (Education)
- NEP-INO-2010-05-02 (Innovation)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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