The Productivity of UK Universities
Gustavo Crespi () and
Aldo Geuna ()
No 147, SPRU Working Paper Series from SPRU - Science Policy Research Unit, University of Sussex Business School
There is increasing recognition in the UK and other OECD countries of the importance of scientific research in providing the foundations for both innovation and competitiveness. This has resulted in increased public funding for research in the UK and elsewhere. At the same time, there is a lack of systematic evidence on how such investments can lead to increasing levels of scientific output and, ultimately, to better economic performance. Much of the available literature concentrates on the effects of public funding of basic research on either firms' innovative activities (see among others COHEN, NELSON AND WALSH ; KLEVORICK, LEVIN, NELSON AND WINTER ; JAFFE ; NARIN, HAMILTON AND OLIVASTRO ) or firm performance (Adams ), bypassing the question of how to measure scientific output. The reasons for this are the difficulty of identifying a stable causal relationship between the resources spent on the science budget and 'intermediate' scientific outputs. This difficulty originates from the dynamic nature of this relationship. There is a persistent and therefore recursive feedback between inputs and outputs, which is exacerbated by lack of appropriate information for analysis. Among the few studies that have attempted to address the problem, are ADAMS AND GRILICHES  and JOHNES AND JOHNES . This study is based on and further develops Adams and Griliches's methodology.
Keywords: bibliometrics; university graduate students; national science budget; research funding; economic performance; scientific output (search for similar items in EconPapers)
JEL-codes: O3 I2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff, nep-ino, nep-sog and nep-tid
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.sussex.ac.uk/spru/documents/sewp_147.pdf [302 Found]--> https://www.sussex.ac.uk/webteam/gateway/file.php?name=sewp_147.pdf&site=25)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sru:ssewps:147
Access Statistics for this paper
More papers in SPRU Working Paper Series from SPRU - Science Policy Research Unit, University of Sussex Business School Contact information at EDIRC.
Bibliographic data for series maintained by University of Sussex Business School Communications Team ().