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Building a Knowledge Economy – How Academic R&D Supports High-Tech Employment

7 September 2018
Построение экономики знаний: как теоретические НИОКР поддерживают занятость в высокотехнологичных областях
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Today, universities play an increasingly important role in determining a region’s capacity for innovation and its ability to transform new ideas into economic activity and commercialize them. Not only do they educate the local workforce creating human capital, and produce intellectual property, but they also contribute indirectly through their basic research activities. While not of immediate commercial value, these foundational research activities help create and advance industries in unpredictable ways.

Understanding whether innovative industries in the high-tech sector benefit from R&D activity at regional academic institutions would be useful when assessing the tools available for technology-based economic development strategies. This empirical analysis of the relationship between research activity and high-tech employment aims to inform policymakers interested in the long-term capability of regions to sustain an economic base in knowledge-based industries.

To understand the connection between university research and regional economies, Milken Institute experts focus on research spending at universities and its relationship to employment in the region’s high-tech sector.

The key findings of the analysis are:

  • the net effects of academic R&D expenditures on high-tech employment are positive in the long run, suggesting R&D funding is an investment in the regional innovation ecosystem;
  • technology transfer offices that facilitate the commercialization of academic R&D can be a mechanism to capitalize on untapped innovation;
  • career development centers, placement services, and collaborative partnerships may increase spillover effects from universities by creating more opportunities for informal knowledge exchange.

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COVID-19 and Human Development

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30 August 2021
2021 Global Human Capital Trends: Special report

The research, prepared by Deloitte, examines possible scenarios for the development of a worker-employer relationship in accordance with the challenges posed by the fallout of the pandemic and trends in global trade.

7 February 2018
Russian Federation Civil Society Report 2017

The Civic Chamber of the Russian Federation presents the Report on the state of civil society in the Russian Federation for 2017. Civil society is the aggregate of caring and active citizens engaged in the shaping of their common future. No country can develop without a civil society. Even less so a country of Russia’s scale and complexity that spans so many diverse regions.