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Which firms want PhDs? The effect of the university-industry relationship on the PhD labour market

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  • José García-Quevedo

    ()
    (Barcelona Institute of Economics (IEB) and Dpt. of Political Economy and Public Finance, University of Barcelona)

  • Francisco Mas-Verdú

    ()
    (Dpt. of Economics and Social Sciences, Universidad Politécnica de Valencia and Barcelona Institute of Economics (IEB))

  • José Polo-Otero

    ()
    (CYD Foundation and Barcelona Institute of Economics (IEB))

Abstract

PhD 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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File URL: http://www.pcb.ub.es/xreap/aplicacio/fitxers/XREAP2010-2.pdf
File Function: First version, 2010
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File URL: http://www.pcb.ub.es/xreap/aplicacio/fitxers/XREAP2010-2.pdf
File Function: Revised version, 2010
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Bibliographic Info

Paper provided by Xarxa de Referència en Economia Aplicada (XREAP) in its series Working Papers with number XREAP2010-02.

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Length: 32 pages
Date of creation: Mar 2010
Date of revision: Mar 2010
Handle: RePEc:xrp:wpaper:xreap2010-02

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Web page: http://www.pcb.ub.edu/xreap
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  1. Elena Huergo & Jordi Jaumandreu, 2004. "How Does Probability of Innovation Change with Firm Age?," Small Business Economics, Springer, vol. 22(3_4), pages 193-207, 04.
  2. Grimpe, Christoph & Sofka, Wolfgang, 2009. "Search patterns and absorptive capacity: Low- and high-technology sectors in European countries," Research Policy, Elsevier, vol. 38(3), pages 495-506, April.
  3. Jensen, Morten Berg & Johnson, Bjorn & Lorenz, Edward & Lundvall, Bengt Ake, 2007. "Forms of knowledge and modes of innovation," Research Policy, Elsevier, vol. 36(5), pages 680-693, June.
  4. Azagra-Caro, Joaquín M. & Fernández-de-Lucio, Ignacio & Perruchas, François & Mattsson, Pauline, 2008. "What Do Patent Examiner Inserted Citations Indicate For A Region With Low Absorptive Capacity," INGENIO (CSIC-UPV) Working Paper Series 200808, INGENIO (CSIC-UPV), revised 27 Apr 2010.
  5. V Mangematin & S Robin, 2003. "The two faces of PhD students: Management of early careers of French PhDs in life sciences," Science and Public Policy, Oxford University Press, vol. 30(6), pages 405-414, December.
  6. Mangematin, V., 2000. "PhD job market: professional trajectories and incentives during the PhD," Research Policy, Elsevier, vol. 29(6), pages 741-756, June.
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