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Bombs, brains, and science : the role of human and physical capital for the creation of scientific knowledge
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Waldinger, Fabian (2016) Bombs, brains, and science : the role of human and physical capital for the creation of scientific knowledge. Review of Economics and Statistics, 98 (5). pp. 811-831. doi:10.1162/REST_a_00565 ISSN 0034-6535.
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Official URL: http://dx.doi.org/10.1162/REST_a_00565
Abstract
I examine the role of human and physical capital for the creation of scientific knowledge. I address the endogeneity of human and physical capital with two exogenous shocks: the dismissal of scientists in Nazi Germany and World War II bombings. A 10% shock to human capital reduced output by 0.2 SD in the short run, and the reduction persisted in the long run. A 10% shock to physical capital reduced output by 0.05 SD in the short run, and the reduction did not persist. The dismissal of star scientists caused much larger reductions in output because they are key for attracting other successful scientists.
| Item Type: | Journal Article | ||||||
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| Subjects: | D History General and Old World > D History (General) > D731 World War II Q Science > Q Science (General) |
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| Divisions: | Faculty of Social Sciences > Economics | ||||||
| Library of Congress Subject Headings (LCSH): | Science -- History -- 20th century, World War, 1914-1918 -- Science, World War, 1914-1918 -- Technology | ||||||
| Journal or Publication Title: | Review of Economics and Statistics | ||||||
| Publisher: | MIT Press | ||||||
| ISSN: | 0034-6535 | ||||||
| Official Date: | December 2016 | ||||||
| Dates: |
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| Volume: | 98 | ||||||
| Number: | 5 | ||||||
| Page Range: | pp. 811-831 | ||||||
| DOI: | 10.1162/REST_a_00565 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||||
| RIOXX Funder/Project Grant: |
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