Does it pay to do novel science? The selectivity patterns in science funding

Charles Ayoubi, Michele Pezzoni (michele.pezzoni@unice.fr) and Fabiana Visentin
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Michele Pezzoni: Université Côte d’Azur, CNRS, GREDEG, and ICRIOS, Bocconi University, Milan

No 2019-037, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

Abstract: Public funding of science aims to provide the necessary investment for the radical scientific discoveries of tomorrow. This paper brings evidence that the funding process is not always awarding the most novel scientists. Exploiting rich data on all applications to a leading Swiss research funding program, we find that novel scientists have a higher probability of applying for funds than non-novel scientists, but they get on average lower ratings by grant evaluators and have lower chances of being funded.

Keywords: competitive research grants; public funding evaluation; novelty in science (search for similar items in EconPapers)
JEL-codes: I23 O38 (search for similar items in EconPapers)
Date: 2019-09-24
New Economics Papers: this item is included in nep-eur
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Citations: View citations in EconPapers (3)

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https://unu-merit.nl/publications/wppdf/2019/wp2019-037.pdf (application/pdf)

Related works:
Journal Article: Does It Pay to Do Novel Science? The Selectivity Patterns in Science Funding (2021)
Working Paper: Does it Pay to Do Novel Science? The Selectivity Patterns in Science Funding (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:unm:unumer:2019037

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