McMaster researchers receive $250,000 from new economy fund

default-hero-image

June 25, 2002

Four McMaster researchers are recipients in the first round of research grants under the Social Sciences and Humanities Research Council of Canada's (SSHRC) Initiative on the New Economy (INE).

The work of McMaster researchers Stephen Jones, Tony Porter, Mohamed Shehata and Khalid Nainar explores the impact of the new economy on business and society and how it permeates the everyday lives of Canadians. The researchers received more than $250,000 from the new fund.

Economist Stephen Jones, received more than $105,168 to study Issues in the Changing Labour Markets of the New Economy.

Tony Porter, associate professor of political science, will examine International Standards and Codes in the Governance of the New Economy: The Case of Finance. He received $74,110 to conduct the study.

With $74,662 in funding, McMaster business professors Mohamed Shehata, Khalid Nainar, and Wilfrid Laurier University accounting professor Kiridaran Kanagaretnam, will explore the Impact of (the)Internet on Productivity and Work Habits.

. Shehata is the principal ivestigator while Nainar and Kanagaretnam are co-investigators.

The recent announcement of $8.1 million in funding for the first round of research grants involves 57 projects at universities across Canada. These projects include research on the impact of internet stock message boards on international financial markets, modern manufacturing in the automobile industry and online teaching.

INE also announced two outreach and development grants for McMaster sociology professors Carl Cuneo and Scott Davies . Cuneo received a $49,792 INE outreach grant for his study Changing higher education practices in communiction and information, and $30,000 seed funding for the development of an INE Collaborative Research Initiatives grant. Davies received a one-year development grant of $44,760 to study Educational innovations in the new economy.

In the first round of INE grants, McMaster researchers had a success rate overall of 55 per cent, compared to the national success rate of 29 per cent.

The government is investing $100 million over five years to launch INE. The overall goal of the initiative is to help Canadians better understand the impact of the new economy on business, education and society.