How to Pay for Scientific Research

Daniele Checchi, Gianni De Fraja, Carmen Marchiori, Enrico Minelli and Stefano Verzillo

No 19083, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Using data on 31 countries over the period from 1996 to 2016, we study the effect of the introduction of Performance Based Research Funding (PBRF) on three indices of a country's scientific publications: quantity, prestige, and influence. We find that the introduction of PBRF has modest positive effects on quantity and prestige, and no effect on influence, a measure of long-term scientific impact. Interestingly, influence is positively affected in the sub-sample of countries in which universities have a higher degree of autonomy in hiring and promotions. Consistent with recent theoretical work, this suggests an important role for the transmission channel from institutions to individual researchers.

Keywords: Universities; Higher education; Research institutions (search for similar items in EconPapers)
JEL-codes: D82 I23 I28 O38 (search for similar items in EconPapers)
Date: 2024-05
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