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Federal Reserve Bank of Cleveland
Speech
Universities, innovation and economic growth, presentation at the Conference on Universities, Innovation and Economic Growth, Federal Reserve Bank of Cleveland, November 17, 2006
Sandra Pianalto
Abstract

Economists at our Bank have concluded that differences in state income levels over the past 75 years can be explained mostly by two factors: innovation and education. In simple terms, those states that enhance their knowledge base are the ones that are likely to prosper in the future.


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Sandra Pianalto, Universities, innovation and economic growth, presentation at the Conference on Universities, Innovation and Economic Growth, Federal Reserve Bank of Cleveland, November 17, 2006, Federal Reserve Bank of Cleveland, Speech 8, 2006.
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Keywords: Economic development ; Income ; Education - Economic aspects
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