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

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  • DREZE, Jacques
  • 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

Suggested Citation

  • DREZE, Jacques & ESTEVAN, Fernanda, 2006. "Research and higher education in economics: can we deliver the Lisbon objectives ?," CORE Discussion Papers 2006051, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvco:2006051
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    1. repec:bla:ecinqu:v:55:y:2017:i:3:p:1308-1323 is not listed on IDEAS
    2. Ana Rute Cardoso & Paulo Guimarães & Klaus F. Zimmermann, 2010. "Comparing the early research performance of PhD graduates in labor economics in Europe and the USA," Scientometrics, Springer;Akadémiai Kiadó, vol. 84(3), pages 621-637, September.
    3. Josef Falkinger, 2007. "Distribution and Use of Knowledge under the "Laws of the Web"," CESifo Working Paper Series 2154, CESifo Group Munich.
    4. Ana Rute Cardoso & Paulo Guimarães & Klaus F. Zimmermann, 2010. "Trends in Economic Research: An International Perspective," Kyklos, Wiley Blackwell, vol. 63(4), pages 479-494, November.
    5. Pedro Albarrán & Raquel Carrasco & Javier Ruiz-Castillo, 2017. "Are Migrants More Productive Than Stayers? Some Evidence From A Set Of Highly Productive Academic Economists," Economic Inquiry, Western Economic Association International, vol. 55(3), pages 1308-1323, July.
    6. Leks Borgans & Frank Corvers (Transl. by: E. Pokatovich ), 2010. "The americanization of European higher education and research," Educational Studies, Higher School of Economics, issue 2, pages 5-43.
    7. Javier Ruiz-Castillo, 2008. "Economics research in Spain during the 1990s: a literature review," Spanish Economic Review, Springer;Spanish Economic Association, vol. 10(3), pages 221-249, September.
    8. repec:spr:scient:v:97:y:2013:i:3:d:10.1007_s11192-013-0973-0 is not listed on IDEAS
    9. Oswald, Andrew J., 2015. "The Objective Measurement of World-Leading Research," IZA Discussion Papers 8829, Institute for the Study of Labor (IZA).
    10. Oswald, Andrew J., 2009. "World-Leading Research and its Measurement," The Warwick Economics Research Paper Series (TWERPS) 887, University of Warwick, Department of Economics.
    11. 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.
    12. repec:spr:scient:v:84:y:2010:i:1:d:10.1007_s11192-009-0087-x is not listed on IDEAS
    13. Albarrán, Pedro & Ruiz-Castillo, Javier, 2012. "The measurement of scientific excellence around the world," UC3M Working papers. Economics we1208, Universidad Carlos III de Madrid. Departamento de Economía.
    14. 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, vol. 39(2), pages 329-337, April.
    15. Daniel S. Hamermesh, 2015. "Citations in Economics: Measurement, Uses and Impacts," NBER Working Papers 21754, National Bureau of Economic Research, Inc.
    16. Pedro Albarrán & Raquel Carrasco & Javier Ruiz-Castillo, 2017. "Geographic mobility and research productivity in a selection of top world economics departments," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(1), pages 241-265, April.
    17. repec:aea:jeclit:v:56:y:2018:i:1:p:115-56 is not listed on IDEAS
    18. 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.
    19. Andrew J. Oswald, 2010. "A suggested method for the measurement of world-leading research (illustrated with data on economics)," Scientometrics, Springer;Akadémiai Kiadó, vol. 84(1), pages 99-113, July.
    20. Ruiz-Castillo Ucelay, Javier & Carrasco Perea, Raquel, 2018. "Governance, Brain Drain, and Brain Gain in Elite Academic Institutions in Economics : the Case of Spain," UC3M Working papers. Economics 26093, Universidad Carlos III de Madrid. Departamento de Economía.

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