The university's Janus face: The innovation–inequality nexus | Zendy

Florida Richard | Zendy; Gaetani Ruben | Zendy

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The university's Janus face: The innovation–inequality nexus

Author(s) -

Florida Richard,

Gaetani Ruben

Publication year - 2020

Publication title -

managerial and decision economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.288

H-Index - 51

eISSN - 1099-1468

pISSN - 0143-6570

DOI - 10.1002/mde.2938

Subject(s) - nexus (standard) , inequality , boosting (machine learning) , janus , face (sociological concept) , economic inequality , economic geography , key (lock) , economics , sociology , engineering , computer science , mathematical analysis , social science , programming language , mathematics , computer security , machine learning , embedded system

The university is a key source of talent and a key driver of innovation and economic growth in a knowledge‐based economy. But, in performing these economic functions, it also contributes to economic and spatial inequality. Our research uses a variety of new data to examine this Janus face of the university in innovation and inequality across U.S. metro areas. We find evidence that the university plays a role in both regional innovation, boosting local patenting and startup companies, and in economic inequality, with higher rates of income and occupational segregation in metros with highly rated universities.

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