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

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

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Item Type: Report
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
Classification DDC: 300 Sozialwissenschaften > 330 Wirtschaft
Divisions: 01 Law and Economics
01 Law and Economics > Volkswirtschaftliche Fachgebiete
01 Law and Economics > Volkswirtschaftliche Fachgebiete > International Economics
Date Deposited: 17 Jan 2012 09:57
Last Modified: 26 Jan 2016 14:48
URN: urn:nbn:de:tuda-tuprints-47167
Additional Information:

JEL: A20, L26, O32

Additional Information:

JEL: A20, L26, O32

URI: http://tuprints.ulb.tu-darmstadt.de/id/eprint/4716
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