Spatial proximity facilitates transfer of knowledge and technology between research institutes or universities (RIU) and firms. Against this background the location of research institutions and universities is often seen as an instrument of regional policy to promote knowledge flows and R&D...

We benefit from the Bologna reform to show how course and program policies affect academic achievement. We examine two similar programs at the business school of a major European university, which were both reformed. Time lags in the reforms allow us to estimate the difference in the differences...

The aim of this paper is to present the role of institutional development in creating knowledge based economies which will further foster higher prospects for economic growth. A knowledge based economy is one that exploits knowledge to develop and maintain long-term economic growth. One of the...

We study the impact of a student's ordinal rank in a high-school cohort on educational attainment several years later. To identify a causal effect, we compare multiple cohorts within the same school, exploiting exogenous variation in cohort composition. We nd that a student's ordinal rank in...

This study investigates how exposure to an academic field influences students major choices. In particular, we analyze whether students who are inclined to study business change their intentions after being exposed to economics or law. We exploit a natural experiment at a Swiss university. All...

The challenges posed by globalization have led to a rapid increase in the demand for higher education and, at the same time, many countries are earmarking more resources and efforts to foster their population's skills level and knowledge. Nowadays higher education is playing a crucial role in...

Knowledge flows from universities to the regional economy can take different forms ranging from formal research collaborations to consultancy and informal personal connections. One of the knowledge communication channels drawing substantial interest of both researchers and regional policy makers...

There have been numerous studies of the "impact" of HEIs on their host regions. These have typically focused on the demand for goods and services in the host region. The best of these studies employ regional input-output analyses. However, there has developed a "policy scepticism" about the...

The presence of universities in a region has been found to be an important factor for regional economic growth. In search for the specific explanations of this phenomenon, the connection between universities and locally based entrepreneurship has attracted considerable attention. We investigate...