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The socioeconomic importance of research-based education

Description: The purpose is to enhance knowledge of the societal effects of investing in university education. Specifically, this project will improve understanding of how cutbacks influence the number and quality of graduates, the impact of private research funding for university activities, the qualifications private companies demand from university graduates and the importance of university education as input for successful innovation. The project hypothesizes that cutbacks in universities reduce the quality and quantity of new graduates. However, the magnitude of the effect is not known. This is expected to be quantified in the project.

Grant recipient
Anders Sørensen, Professor, Department of Economics, Copenhagen Business School
Project start
2016

Project activities

The socioeconomic importance of research based education unfold_more unfold_less

Click to download a detailed description of the project and it’s five phases.

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Workshop on University Education and Innovation 2018 unfold_more unfold_less

Click to download the program for the workshop.

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The effect of participation in Denmark’s Innovation Network program unfold_more unfold_less

Abstract

This paper investigates Denmark’s Innovation Network program which aims to foster cooperation and knowledge sharing on research and innovation between knowledge institutions and companies in an effort to promote knowledge-based growth and productivity. Consistent with recent research on the effects of business network formation, this paper finds that participation in the Innovation Network increases labor productivity and total factor productivity by almost 7 and 13 percent respectively after four years. In addition, participants in the Innovation Network program are about 5 percentage points more likely to participate in other Danish innovation programs in the subsequent four years, explaining one mechanism by which the Innovation Network facilitates productivity growth. Generally, those firms with lower than (industry) median levels of full time equivalent employees realize the largest benefits from program participation. Despite small sample sizes, evidence that particular networks experience even larger gains is presented.

Publication: link

Team

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Anders Sørensen
Principle investigator (PI) of the project. Professor at Copenhagen Business School. He has a Ph.D. in Economics from Copenhagen Business School.
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Fane Groes
Associate professor at Copenhagen Business School. She has a Ph.D. in Economics from The University of Copenhagen.
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Moira Daly
Senior Advisor at CEBR. She has a Ph.D. in Economics from Boston University.
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Jane Bjørn Vedel
Assistant professor at Copenhagen Business School. She has a Ph.D. in Sociology from Copenhagen Business School.
Alan Irwin
Professor at Copenhagen Business School. He has a Ph.D. in Sociology from the University of Manchester.
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Nirav Mehta
Assistant professor at Western University. He has a Ph.D. from the University of Pennsylvania.
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Chao Fu
Associate professor at Wisconsin-Madison. She has a Ph.D. from the University of Pennsylvania.
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Nikolaj Harmon
Assistant professor at the Universitity of Copenhagen. He has a Ph.D. from Princeton.
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Daniel Le Maire
Associate professor at the University of Copenhagen. He has a Ph.D. from the University of Copenhagen.
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Andrew Webster
Professor at York. He has a D.Phil in Sociology from York.
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Kathryn Shaw
Professor at Stanford. She has a Ph.D. in Economics from Harvard.
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Edward Lazear
Professor at Stanford. He has a Ph.D. in Economics from Harvard.
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Investigating the microfoundations of socioeconomic impact of university-industry relations
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Investments, incentives, and the impact of Danish research (Triple-I-Research)
Investments, incentives, and the impact of Danish research (Triple-I-Research)
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