Research and higher education in economics: can we deliver the Lisbon objectives
Can European economics become â€œthe most dynamic and competitive in the worldâ€? 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 signiï¬cantly 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 Europeâ€™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 beneï¬t 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 signiï¬cant departures from current practices
(This abstract was borrowed from another version of this item.)
|Date of creation:|
|Date of revision:|
|Note:||In : Journal of the European Economic Association, 5(2-3), 271-304, 2007|
|Contact details of provider:|| Postal: Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium)|
Fax: +32 10474304
Web page: http://www.uclouvain.be/core
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:cor:louvrp:1941. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alain GILLIS)
If references are entirely missing, you can add them using this form.