Research Risk and Public Policy: The Relative Research Efficiency of Government versus University Labs

Dennis Leyden and Albert Link

No 11-3, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: Motivated by the question of which institutions within our, or any nation’s, national innovation system will leverage economic growth in the greatest amount for a given investment in innovation, we compare and contrast the behavior of two types of research institutions: government research laboratories (hereafter, labs) and university research labs. Because of a unique blend of institutional structures and rewards, we argue that universities are in a better position than government labs to provide the research necessary to stimulate economic growth. We then test and validate our model empirically using a unique database on the research output from university and government information retrieval (IR) labs.

Keywords: R&D; university labs; government labs; information retrieval (search for similar items in EconPapers)
JEL-codes: H40 O31 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2011-02-01
New Economics Papers: this item is included in nep-ino, nep-ipr and nep-pr~
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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2011_003

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