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The embodiment of knowledge: universities as engines of growth

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  • Reinhilde Veugelers

Abstract

As universities open themselves up to the marketplace for knowledge and ideas to a greater degree than in the past, debates over university missions has been common. How can universities match their third mission, contribution to society, with their main missions of education and curiosity-driven basic research to achieve their full growth potential? This will require a change in policy attention from targeting university patenting and faculty spin-offs, to taking a broader view on universities’ contribution to economic development, including other pathways, most notably collaborative modes and mobility of trained human capital from academe to industry.

Suggested Citation

  • Reinhilde Veugelers, 2016. "The embodiment of knowledge: universities as engines of growth," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 32(4), pages 615-631.
    • Handle: RePEc:oup:oxford:v:32:y:2016:i:4:p:615-631.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grw026
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    Cited by:

    1. Maria Garcia-Vega & Oscar Vicente-Chirivella, 2019. "R&D and firm resilience during bad times," Discussion Papers 2019-13, University of Nottingham, GEP.
    2. García-Vega, María & Vicente-Chirivella, Óscar, 2020. "Do university technology transfers increase firms’ innovation?," European Economic Review, Elsevier, vol. 123(C).
    3. Compagnucci, Lorenzo & Spigarelli, Francesca, 2020. "The Third Mission of the university: A systematic literature review on potentials and constraints," Technological Forecasting and Social Change, Elsevier, vol. 161(C).

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