ITEM METADATA RECORD
Title: Education and invention
Authors: Toivanen, Otto
Väänänen, Lotta
Issue Date: 2011
Series Title: Center for Economic Policy Research Discussion Paper vol:DP 8537
Abstract: Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question: can we increase number of inventors? To answer this question, we study the causal effect of M.Sc. engineering education on invention, using data on U.S. patents’ Finnish inventors and the distance to the nearest technical university as an instrument. We find a positive effect of engineering education on the propensity to patent, and a negative OLS bias. Our counterfactual calculation suggests that establishing 3 new technical universities resulted in a 20% increase in the number of USPTO patents by Finnish inventors.
Publication status: published
KU Leuven publication type: ER
Appears in Collections:Department of Managerial Economics, Strategy and Innovation (MSI), Leuven

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