【Empirical Seminar】The Research University, Invention, and Industry: Evidence from German History

  • 研討會日期 : 2024-07-16
  • 時間 : 14:30
  • 主講人 : Professor Ralf R. Meisenzahl
  • 地點 : Conference room B110
  • 主持人 : Professor T. Terry Cheung
  • 演講者簡介 : Professor Ralf R. Meisenzahl received his PhD from Northwestern University in 2010. He is a senior economist, economic advisor, and head of the Insurance Initiative at the Federal Reserve Bank of Chicago. His research focuses on financial intermediation, linkages between finance and the real economy, and economic history.
  • 演講摘要 : We examine the role of universities in knowledge production and industrial change using historical evidence. Political shocks drove a profound pro-science shift in German universities in the late 1700s. To study the consequences, we construct novel microdata. We find invention and manufacturing developed similarly in cities closer to and farther from universities in the 1700s and shifted towards universities and accelerated in the early 1800s. The shift in manufacturing was strongest in new and high knowledge industries and near large universities. After 1800, the adoption of mechanized technology and the number of firms winning international awards for innovation were higher near universities.