Goldbach, Stefan (2012):
Innovation and Education: Is there a
‘Nerd Effect’?
In: Darmstadt Discussion Papers in Economics, 210, Darmstadt, [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 |
| Corresponding Links: | |
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