Impact of US Economic Crises on University Research and Development Investments

Tugrul Daim () and Dilek Ozdemir

Journal of the Knowledge Economy, 2015, vol. 6, issue 1, 13-27

Abstract: Universities are a well-known source of innovation that provides educated human resources, a scientific infrastructure, and their own research and development (R&D) capacity. In this way, they supply considerable and varied input to the economic environment. Yet the impacts of economic crises on university R&D are not discussed in the literature. This paper explores the impacts of the last seven economic crises in the USA on university R&D investments. Changes in industrial, government, and institutional funding during these economic crises are analyzed. Findings show an increase in government investments; however, the rest of the analyses did not show statistically significant results. Copyright Springer Science+Business Media New York 2015

Keywords: University R&D investment; Economic crisis; Autoregressive model (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s13132-012-0135-2

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