Universities,Localities and Regional Development: The Emergence of the ‘Mode 2’ University?

There has long been a tension between the roles of the university in servicing the needs of sub‐national economies and civil societies, those of the national state and those of learning and the pursuit of knowledge in an abstract sense. The position in liberal democracies through much of the twentieth century can be accurately characterized by a significant degree of separation and segregation between the university, the state and the market. Recently, however, it has been posited that the balance is shifting away from relative autonomy towards a new ‘mode of knowledge production’ in which the growing engagement of universities with their regions and localities is an important aspect. The first part of this article explores the knowledge economy rhetorics which have come to dominate public policy rationales in many liberal democracies and interrelationships with questions of territory and scale. Second, the implications for universities are considered as they are confronted by a number of challenges and choices in navigating the waters of increasing societal expectations. Finally, the article highlights key questions that emerge from our preliminary overview of these issues within a wider research agenda around universities, the knowledge economy and regional development. Depuis longtemps, une tension existant entre les rôles qu'a l'université dans la satisfaction des besoins des économies sub‐nationales et des sociétés civiles, de ceux de l'État ou de ceux de l'enseignement, et la quête du savoir au sens abstrait du terme. Pendant une bonne partie du vingtième siècle, dans les démocraties libérales, la situation a pu se définir par un degré très net de séparation entre université, État et marché. Toutefois, récemment, certains ont suggéré que l'équilibre se décalait, d'une autonomie relative vers un nouveau ‘mode de production du savoir’ dans lequel l'intervention croissante des universités vis‐à‐vis de leur région et sites locaux constitue un aspect important. La première partie de l'article explore le discours de l'économie du savoir, lequel a envahi la logique de la politique publique dans nombre de démocraties libérales, ainsi que les inter‐relations avec les questions de territoire et d'échelle. La deuxième partie s'intéresse aux implications pour les universités, celles‐ci étant confrontées à de multiples défis et choix en parcourant l'océan des attentes sociétales croissantes. Pour finir, sont présentées les questions‐clés qui émergent de l'étude préalable de ces problèmes effectuée dans le cadre d'un programme de recherches plus vaste autour des universités, de l'économie du savoir et du développement régional.     

The mature region building a practical model for the transition to the sustainable society

The demographic shift from the northeast to the “sunbelt” has resource implications that will span several decades. Early in the 21st century, today's “boom” regions will be significantly affected by declining petro-energy and an aging population and infrastructure. The northeast is now in an analogous situation.The transition to the sustainable society is unlikely to occur in the sunbelt while the boom is on, but the need for sustainability is immediate in the northeast. For the mature industrial states, economic survival is tied to the level of self-sufficiency they can achieve in the 1980s and 1990s. The efforts toward greater regional sustainability can offer practical models to regions yet to encounter cyclical decline. The transition to the sustainable society will be built on the aggregated efforts of regions to bring their unique circumstances into balance.New England is presented as the case study of a mature region, no longer growing, but embarking in measurable ways on a path toward regional sustainability. The model focuses on the recapture of resources that have traditionally sustained the region—the landscape, the 19th century settlement pattern, and the educational establishment.The inquiry is directed to practical efforts now being made by the private sector to readapt these traditional resources and increase New England's self-sufficiency. The paper will examine the significance of New England private sector endeavors, for effects on other regions, demonstration value and transferability, and conditions that merit continuing investigation as models for the transition to the sustainable society.     

The effects of real and nominal uncertainty on inflation and output growth: some garch‐m evidence

In this paper we use GARCH‐M methods to test four hypotheses about the effects of real and nominal uncertainty on average inflation and output growth in the United States from 1948 to 1996. We find no evidence that higher inflation uncertainty or higher output growth uncertainty raises the average inflation rate. We also find no support for the idea that more risky output growth is associated with a higher average real growth rate. Our key result is that in a variety of models and sample periods, inflation uncertainty significantly lowers real output growth. Copyright © 2000 John Wiley & Sons, Ltd.     

Tax and the Crisis*

Did taxation play any role in precipitating the financial crisis? Are there lessons to be drawn for future tax reform priorities? This paper reviews the main channels by which tax effects might have been felt and which may require forceful attention. These include in particular the large tax biases favouring debt finance and, in some countries, investment in housing. The complexities of national tax codes, and the international interaction between them, have, moreover, encouraged the use of complicated financial instruments and international tax planning, reducing transparency. Tax distortions did not cause the crisis – in the sense that there are no obvious tax changes likely to have triggered it – but they may well have contributed by leading to higher leverage and more complexity than would otherwise have been the case. Most of these distortions have long been a source of concern, but dealing with them may be more important than previously supposed.