Working Paper: NBER ID: w28544
Authors: Barbara Biasi; David J. Deming; Petra Moser
Abstract: This chapter summarizes existing evidence on the link between education and innovation and presents open questions for future research. After a brief review of theoretical frameworks on the link between education, innovation, and economic growth, we explore three alternative policies to encourage innovation through education: expanding access to basic skills, improving the quality of education, and investing in universities. We also review the literature on the role of innovation for education. We conclude by outlining possible avenues for future research.
Keywords: Education; Innovation; Economic Growth
JEL Codes: I20; I23; L26; O30
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| increasing investment in basic skills (J24) | increased innovation potential (O36) |
| democratizing access to research universities (I24) | innovation outcomes (O36) |
| increasing public investment in research universities (I23) | innovation outcomes (O36) |
| technology lowers educational costs (A22) | better educational outcomes (I24) |
| better educational outcomes (I24) | greater innovation (O35) |