This report has the task to describe factors which determine the effectiveness of public and private R&D efforts. The question is, whether differences between the Nordic countries in financing R&D means that some universities in some of the countries are doing better measured by scientific and educational output. The report is divided in two parts: the first part analysis the labour market for scientists in Denmark, the second part of the report puts together a pilot database of the outputs and inputs of Nordic universities to test hypotheses of the relationship between universities' publication activity, education output, unemployment rate of graduates, number of personnel and the structure of funding.