Academic knowledge and economic growth: are scientific fields all alike
The aim of the paper is to contribute the debate on the accountability of the academic system. To this it grafts the recent advances of the economics of knowledge into the economics of the academic system. The paper elaborates and tests the hypothesis that there are different types of academic knowledge that exert different effects on economic growth. The recent advances of the economics of knowledge enable to appreciate the differences among types of academic knowledge in terms of appropriability, fungibility and cumulability, field of application and with respect to the specificities of the generation process. Building upon these bases, distinctions can be made between knowledge in hard sciences, social sciences, humanities and medical sciences. The hypotheses are tested on OECD data about the numbers of university graduated students in the years 1998-2008 in 16 countries with a simple production function. The results stress the differences in the output elasticity of each discipline and confirm their wide differences in the capability to contribute economic output. The policy implications are important: public support to the academic system, advocated to support economic growth, should not be spread uniformly across academic disciplines but rather focus the academic fields that are better able to contribute economic growth..
|Date of creation:||Jan 2012|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.unito.it/|
More information through EDIRC
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.:
- John Van Reenen, 2010.
"Does Competition Raise Productivity Through Improving Management Quality?,"
CEP Discussion Papers
dp1036, Centre for Economic Performance, LSE.
- Van Reenen, John, 2011. "Does competition raise productivity through improving management quality?," International Journal of Industrial Organization, Elsevier, vol. 29(3), pages 306-316, May.
- Mohnen, Pierre & Roller, Lars-Hendrik, 2005.
"Complementarities in innovation policy,"
European Economic Review,
Elsevier, vol. 49(6), pages 1431-1450, August.
- Pierre Mohnen & Lars-Hendrik Röller, 2000. "Complementarities in Innovation Policy," CIG Working Papers FS IV 00-18, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Pierre Mohnen & Lars-Hendrick Röller, 2003. "Complementarities in Innovation Policy," CIRANO Working Papers 2003s-60, CIRANO.
- Pierre Mohnen & Lars-Hendrick Röller, 2001. "Complementarities in Innovation Policy," CIRANO Working Papers 2001s-28, CIRANO.
- Mohnen,Pierre & Roeller,Lars-Hendrik, 2003. "Complementarities in Innovation Policy," Research Memorandum 025, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
- Mohnen, Pierre & Röller, Lars-Hendrik, 2001. "Complementarities in Innovation Policy," CEPR Discussion Papers 2712, C.E.P.R. Discussion Papers.
- Mansfield, Edwin, 1991. "Academic research and industrial innovation," Research Policy, Elsevier, vol. 20(1), pages 1-12, February.
- G. Johnes & J. Johnes, .
"Measuring the Research Performance of UK Economics Departments: An Application of Data Envelopment Analysis,"
ec17/90, Department of Economics, University of Lancaster.
- Johnes, Geraint & Johnes, Jill, 1993. "Measuring the Research Performance of UK Economics Departments: An Application of Data Envelopment Analysis," Oxford Economic Papers, Oxford University Press, vol. 45(2), pages 332-47, April.
- Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 70, pages 9.
- Cristiano Antonelli & Pier Paolo Patrucco & Federica Rossi, 2010.
"The Economics of Knowledge Interaction and the Changing Role of Universities,"
in: The Handbook of Innovation and Services, chapter 7
- Antonelli, Cristiano & Patrucco, Pier Paolo & Rossi, Federica, 2008. "The economics of knowledge interaction and the changing role of universities," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200802, University of Turin.
- Crespi, Gustavo A. & Geuna, Aldo, 2008. "An empirical study of scientific production: A cross country analysis, 1981-2002," Research Policy, Elsevier, vol. 37(4), pages 565-579, May.
- Eric Hanushek & Ludger Woessmann, 2008.
"The Role of Cognitive Skills in Economic Development,"
07-034, Stanford Institute for Economic Policy Research.
- Eric A. Hanushek & Ludger Woessmann, 2008. "The Role of Cognitive Skills in Economic Development," Journal of Economic Literature, American Economic Association, vol. 46(3), pages 607-68, September.
- Hanushek, Eric A. & Wößmann, Ludger, 2008. "The role of cognitive skills in economic development," Munich Reprints in Economics 20454, University of Munich, Department of Economics.
- Adriana Di Liberto & Francesco Pigliaru & Piergiorgio Chelucci, 2011.
"International Tfp Dynamics And Human Capital Stocks: A Panel Data Analysis, 1960–2003,"
Review of Income and Wealth,
International Association for Research in Income and Wealth, vol. 57(1), pages 156-182, 03.
- A. Di Liberto & F. Pigliaru & P. Chelucci, 2008. "International TFP Dynamics and Human Capital Stocks: a Panel Data Analysis, 1960-2003," Working Paper CRENoS 200812, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
- Rosenberg, Nathan & Nelson, Richard R., 1994. "American universities and technical advance in industry," Research Policy, Elsevier, vol. 23(3), pages 323-348, May.
- Faïz Gallouj & Faridah Djellal (ed.), 2010. "The Handbook of Innovation and Services," Books, Edward Elgar, number 12872.
- Cristiano Antonelli, 2008. "The new economics of the university: a knowledge governance approach," The Journal of Technology Transfer, Springer, vol. 33(1), pages 1-22, February.
- Johnes, Geraint, 1997. "Costs and Industrial Structure in Contemporary British Higher Education," Economic Journal, Royal Economic Society, vol. 107(442), pages 727-37, May.
- Dominique Foray, 2006. "The Economics of Knowledge," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262562235, June.
- Richard R. Nelson, 1959. "The Simple Economics of Basic Scientific Research," Journal of Political Economy, University of Chicago Press, vol. 67, pages 297.
- Milgrom, Paul & Roberts, John, 1995. "Complementarities and fit strategy, structure, and organizational change in manufacturing," Journal of Accounting and Economics, Elsevier, vol. 19(2-3), pages 179-208, April.
- Cave, Martin & Weale, Martin, 1992. "The Assessment: Higher Education: The State of Play," Oxford Review of Economic Policy, Oxford University Press, vol. 8(2), pages 1-18, Summer.
- C. Antonelli, 2007.
"Localized Technological Change,"
in: Elgar Companion to Neo-Schumpeterian Economics, chapter 16
- Antonelli, Cristiano, 2003. "Localized Technological Change," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200305, University of Turin.
- Johnes, Geraint, 1990. "Measures of Research Output: University Departments of Economics in the UK, 1984-8," Economic Journal, Royal Economic Society, vol. 100(401), pages 556-60, June.
- Evangelista, Rinaldo & Vezzani, Antonio, 2010. "The economic impact of technological and organizational innovations. A firm-level analysis," Research Policy, Elsevier, vol. 39(10), pages 1253-1263, December.
- Johnes, Geraint, 1988. "Determinants of research output in economics departments in British universities," Research Policy, Elsevier, vol. 17(3), pages 171-178, June.
- Etzkowitz, Henry & Leydesdorff, Loet, 2000. "The dynamics of innovation: from National Systems and "Mode 2" to a Triple Helix of university-industry-government relations," Research Policy, Elsevier, vol. 29(2), pages 109-123, February.
- Johnes, Geraint, 1992. "Performance Indicators in Higher Education: A Survey of Recent Work," Oxford Review of Economic Policy, Oxford University Press, vol. 8(2), pages 19-34, Summer.
- Auranen, Otto & Nieminen, Mika, 2010. "University research funding and publication performance--An international comparison," Research Policy, Elsevier, vol. 39(6), pages 822-834, July.
When requesting a correction, please mention this item's handle: RePEc:uto:labeco:201203. 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: (Piero Cavaleri)or (Marina Grazioli)
If references are entirely missing, you can add them using this form.