Education and Innovation
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.
This chapter was prepared for NBER Growth Conference “Beyond 140 Characters: The Role of Innovation and Entrepreneurship in Economic Growth.” We are grateful for valuable comments from Eleanor Dillon, as well conference participants and our editors Aaron Chatterji, Josh Lerner, Scott Stern, and Michael J. Andrews. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
Forthcoming: Education and Innovation, Barbara Biasi, David J. Deming, Petra Moser. in The Role of Innovation and Entrepreneurship in Economic Growth, Chatterji, Lerner, Stern, and Andrews. 2021