Whether financial returns to university licensing divert faculty from basic research is examined in a life cycle context. As in traditional life cycle models, faculty devote more time to research, which can be either basic or applied, early and more time to leisure as they age.
This article studies the relationship between the presence of large shareholders in the ownership structure of firms and R&D investment. In the analysis, the authors consider the influence of three types of blockholders: banks, non-financial corporations, and
individuals.
The authors develop a model that clarifies the respective advantages and disadvantages of academic and private-sector research. Results indicate that by serving as a precommitment mechanism that allows scientists to freely pursue their own interests, academia can be indispensable for early-stage research. At the same time, the private sector’s ability to direct scientists towards higher-payoff activities makes it more attractive for later-stage research.
In this paper, the authors estimate the dynamic relationship between employment in R&D and generation of knowledge as measured by patent applications across OECD countries.
This paper presents an endogenous growth model that explains the evolution of the first and second moments of productivity growth at the aggregate and firm level during the post-war period.
According to the National Science Foundations biennial survey of Science and Engineering Research Facilities, research-performing colleges and universities reported an 11 percent increase in the amount of research space from FY 2001 to FY 2003, for a total of approximately 173 million net assignable square feet.
This paper addresses the following question: how does a higher education funding system influence the trade-off that universities make between research and teaching? The authors construct a general model that allows universities to choose actively the quality of their teaching and research when faced with different funding systems.
The aim of this paper is the realization of a Benchmark analysis about the relative position of the Valencian Innovation System. This comparison has been threefold comparing the Spanish, Mediterranean and European regions.
The paper examines the cyclical property of R&D expenditure in the context of endogenous growth, and concludes that substitutability between investing in physical capital and investing in technology/knowledge is a key of the cyclical property of R&D; basically technology shocks accompany counter-cyclical R&D and demand shocks accompany pro-cyclical R&D; and the easiest way to solve the pro-cyclical R&D puzzle is to abandon the conjecture that business cycles are generated mainly by technology shocks.
This paper analyzes the determinants of R&D co-operation among German manufacturing firms. Using firm level data from the Third Community Innovation Survey from Germany, the author focuses on the role of spillovers in explaining R&D cooperation.