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Recent Research:Chicago Fed Looks at Higher Ed and Economic Growth

It is no coincidence that every article in this issue of the SSTI Weekly Digest touched on some aspect of higher education's role in promoting economic growth. Knowledge-based economies driven by innovation require strong and successful institutions of higher learning. Those same types of economies, particularly when applied on a global scale, present unique challenges to sustaining educational and research excellence with academia based on older models of financing and leadership.

Last November, the Federal Reserve Bank of Chicago held a one-day conference examining the future of higher education and economic growth. Two January Chicago Fed Letters by Richard Mattoon summarize the event, calling out one of the most troubling trends in America: "The perception of higher education as an important public good has eroded. Higher education is viewed by some as a private good with the benefits accruing to the student in the form of higher future wages and quality of life."

People

The Association of American Universities named Robert Berdahl as the association's new president.

The North Carolina Biotechnology Center selected John Chaffee and Randall Johnson as directors of the center's new eastern and southeastern regional offices.

Virginia Gov.-elect Tim Kaine named Aneesh Chopra as his administration's secretary of technology.

South Dakota Gov. Mike Rounds announced that Jim Hagen will resign as secretary of the Department of Tourism and State Development, effective Jan. 17.

People

The Association of American Universities named Robert Berdahl as the association's new president.

People

The North Carolina Biotechnology Center selected John Chaffee and Randall Johnson as directors of the center's new eastern and southeastern regional offices.

People

Virginia Gov.-elect Tim Kaine named Aneesh Chopra as his administration's secretary of technology.

People

South Dakota Gov. Mike Rounds announced that Jim Hagen will resign as secretary of the Department of Tourism and State Development, effective Jan. 17.

People

David Hollister announced he will leave his position as director of the Michigan Department of Labor and Economic Growth on Feb. 3, to head Prima Civitas, a newly formed nonprofit agency promoting economic development.

People

Bill Mahoney is the new president of the South Carolina Research Authority.

People

Guin Robinson is the new director of the newly created Talladega office of the Alabama Technology Network.

People

Phillip Singerman resigned as executive director of the Maryland Technology Development Corp.. Renee Winsky will serve as interim executive director until a permanent replacement is named.

People

Georgia Tech announced that Dr. Jeffrey Skolnick will join its faculty this spring as the Georgia Research Alliance Eminent Scholar in Computational Systems Biology.

People

The Maryland Department of Business and Economic Development appointed Benjamin Wu as the assistant secretary for the Capital Region and senior advisor for technology policy.