Although innovation policy usually follows the business cycle, it is both desirable and possible to reverse this trend. Perhaps the most telling commentary on contemporary Europe is the silence that met the presentation, at the recent European Parliament Innovation Conference, of the Chinese R&D spending curve passing the European Union curve…

Nationwide, the Great Recession arrived as independent schools entered various stages of strategic planning, building projects, fund-raising drives, enrollment efforts, and programmatic reforms--and all schools needed to consider how best to proceed. In order to understand the actual effects of the economic downturn, the authors undertook a…

Strategic financial management is being redefined as a result of the ongoing fiscal challenges facing the nation's public colleges and universities. The Great Recession reached its peak in 2009 and the era of "business as usual" for public higher education quickly faded. A "new normal" has emerged that is causing leaders to…

Higher education institutions (HEIs) in the UK and elsewhere are having a hard time, pushed into the marketplace with the turn to "academic capitalism" and now suffering the effects of the economic downturn. Increasingly, the discourse of "excellence" is being invoked as HEIs are held to account and public funding for research…

For most institutions, the budget pain will get worse before it gets better--if it gets better. Budget constraints have become the norm in virtually every state. In prior recessions, advancement offices tended to view downturns as bumps in the road to be negotiated before returning to business as usual. But the current troubles could signal a…

Why should school districts worry about today's down economy? After all, the vast majority of their income comes from state legislatures and local property taxes, with some additional funding from the federal government. This funding is unaffected by downturns in sales, the stock market, and other basic economic indicators. School business…

Throughout the planning process for a school district merger in a northwestern Pennsylvania school district, effective communication proved to be a challenge. Formed in 1932, this school district of approximately 1400 students was part of a utopian community; one established by a transportation system's corporation that was a major industrial…

Discusses how private colleges are feeling the impact of the economic downturn; even wealthy institutions are cutting back, but the smallest institutions appear to be most vulnerable. (EV)

This study used state-level data on expenditures since 1977 to study the forces underlying the shift in state financing of higher education. The focus is on interactions between state appropriations for higher education, other state budget items, especially Medicaid, and the business cycle. The first section documents the substantial decline in…