TU Darmstadt / ULB / TUbiblio

Innovation and Education: Is there a ‘Nerd Effect’?

Goldbach, Stefan (2012):
Innovation and Education: Is there a ‘Nerd Effect’?
Darmstadt, In: Darmstadt Discussion Papers in Economics, [Report]

Abstract

This paper investigates whether entrepreneurs with technical education are more innovative in high-tech industries than economists. The main contribution to the literature is in using the type of education as main explanatory variable for innovation. To analyze this question, the KfW/ZEW Start-Up Panel between 2005 and 2007 is used. Two independent OLS regressions are conducted for entrepreneurs with university degree and practical education. The results suggest that education matters for individuals with a university degree in high-tech industries but not for people with practical education. Having an economics degree is correlated with higher innovativeness. Therefore, for the underlying sample we do not find a ‘nerd effect’. The results depend on the underlying definition of innovation, as robustness checks show.

Item Type: Report
Erschienen: 2012
Creators: Goldbach, Stefan
Title: Innovation and Education: Is there a ‘Nerd Effect’?
Language: English
Abstract:

This paper investigates whether entrepreneurs with technical education are more innovative in high-tech industries than economists. The main contribution to the literature is in using the type of education as main explanatory variable for innovation. To analyze this question, the KfW/ZEW Start-Up Panel between 2005 and 2007 is used. Two independent OLS regressions are conducted for entrepreneurs with university degree and practical education. The results suggest that education matters for individuals with a university degree in high-tech industries but not for people with practical education. Having an economics degree is correlated with higher innovativeness. Therefore, for the underlying sample we do not find a ‘nerd effect’. The results depend on the underlying definition of innovation, as robustness checks show.

Series Name: Darmstadt Discussion Papers in Economics
Volume: 210
Place of Publication: Darmstadt
Uncontrolled Keywords: entrepreneurship, innovation, education
Divisions: 01 Department of Law and Economics
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > International Economics
Date Deposited: 17 Jan 2012 09:57
Additional Information:

JEL: A20, L26, O32

Related URLs:
Export:

Optionen (nur für Redakteure)

View Item View Item