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Education and R&D Economics

Education and R&D Economics

In the area of educational economics, Economikr’s studies include harnessing the power of education as a decisive factor in reducing the socio-economic differences between various population group percentiles (e.g., the rich and poor), and examining the relation between investments in special education as a way of reducing costs for society as a whole. We are dedicated to research, knowledge exchange, and the teaching and learning involved in each project, with a clear understanding of the importance of economic and social regeneration and its impact. We believe that through knowledge exchange and education, beginning at young ages, can facilitate economic growth in future years, thus saving large government expenditures in trying to reduce economic and social differences in later years. 
Economikr considers R&D to be an engine of economic growth, not only at the local level (e.g., a particular company), but also at the national and international level, while our studies clearly show the spillover effects between sectors and between nations. R&D can greatly benefit from government intervention (funding at the initial and intermediate stages of development, before venture capital funds), as many companies do not have the resources to invest in R&D. Economikr’s R&D studies focus on basic R&D – the tiny cogs that help machines run faster, and on specific R&D (company patents, etc.). With years of hands-on experience and expertise in both types of R&D economics, Economikr generates results that greatly affect the economic growth of a nation.

Study of the Economic Level of the Arab Population in Israel

This project, performed under subcontract to Economic Models Ltd, studied the economic advancement and opportunities of the Arab population in Israel, which represent 20% of the population and 15% of the workforce. This study was based on the Income and Household Expenditure Survey of the Israel Central Bureau of Statistics. Findings showed that the average household income in the Arab sector is 57% lower than that of the majority population in Israel. Additional findings cited lower participation in the workforce and lower average education, both in terms of years and degrees. During the project, three major policy recommendations were made – increasing investment in education which will in turn give the Arab population greater opportunity to participate in the workforce (particularly Arab women), thereby reducing the wage differential between the majority and Arab populations. This study was presented at the Annual Herzlia Conference, widely considered to be the leading economic conference in Israel. 

International Sectorial R&D Spillovers and Country Growth

This project involved the detailed analysis of a panel of OECD (Organization for Economic Cooperation and Development) countries based on a 14-year time period. This important project focused on estimating investment in R&D according to specific sectors (private, university, and governmental), and their influence on each country’s growth. The study also referenced spillover effects, and determined how investment in R&D in the US affects GDP growth in France, and also on a global scale.  

R&D Investment in Israel – Directions and Policy

Performed under subcontract to Economic Models Ltd. for the Israel Ministry of Industry, Trade and Labor, this government-level project focused on R&D investments in Israel, with an emphasis on directions and policy. The project included evaluation of potential R&D investments and their effect on economic growth at the organizational level (e.g., a company who received a seed grant in its initial stages, was able to develop into a larger company, or alternatively, terminate business due to binding constraints). 


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