IDEAS home Printed from https://ideas.repec.org/p/unm/umamer/2005027.html
   My bibliography  Save this paper

Universities and the Knowledge Economy

Author

Listed:
  • Cowan, Robin

    (MERIT)

Abstract

The simplest rationale for the existence of a publicly funded university is that it provides some form of public good. If all the outputs of a university were privately owned, and privately appropriable, there would be no need for public funding. Either firms would fund the research and training which could be internalized by themselves, or students could fund the teaching through higher future earnings. Consequently, one way to pose the issue of the future role of universities is to ask what public goods they can provide that cannot be provided in other ways.....

Suggested Citation

  • Cowan, Robin, 2005. "Universities and the Knowledge Economy," Research Memorandum 027, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:umamer:2005027
    as

    Download full text from publisher

    File URL: https://www.merit.unu.edu/publications/rmpdf/2005/rm2005-027.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Eric von Hippel, 1986. "Lead Users: A Source of Novel Product Concepts," Management Science, INFORMS, vol. 32(7), pages 791-805, July.
    2. Richard R. Nelson, 1959. "The Simple Economics of Basic Scientific Research," Journal of Political Economy, University of Chicago Press, vol. 67(3), pages 297-297.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jesús Peiró-Palomino, 2016. "Social Capital and Economic Growth in Europe: Nonlinear Trends and Heterogeneous Regional Effects," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(5), pages 717-751, October.
    2. Akçomak, I. Semih & ter Weel, Bas, 2009. "Social capital, innovation and growth: Evidence from Europe," European Economic Review, Elsevier, vol. 53(5), pages 544-567, July.
    3. Lee, Yoo Hwan & Graff, Gregory D., 2017. "The Production And Dissemination Of Agricultural Knowledge At U.S. Research Universities: The Role And Mission Of Land-Grant Universities," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 40(Special, ), December.
    4. Havas, Attila, 2014. "Types of knowledge and diversity of business-academia collaborations: Implications for measurement and policy," MPRA Paper 65908, University Library of Munich, Germany, revised 23 May 2015.
    5. Larsen, Maria Theresa, 2011. "The implications of academic enterprise for public science: An overview of the empirical evidence," Research Policy, Elsevier, vol. 40(1), pages 6-19, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sujai Shivakumar, 2017. "Innovation as a Collective Action Challenge," Advances in Austrian Economics, in: The Austrian and Bloomington Schools of Political Economy, volume 22, pages 159-173, Emerald Group Publishing Limited.
    2. Ethan Mollick & Ramana Nanda, 2016. "Wisdom or Madness? Comparing Crowds with Expert Evaluation in Funding the Arts," Management Science, INFORMS, vol. 62(6), pages 1533-1553, June.
    3. Darcy W E Allen, 2020. "When Entrepreneurs Meet:The Collective Governance of New Ideas," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number q0269.
    4. Chicot, J. & Matt, M., 2015. "Public procurement of innovation: a review of rationales, instruments and design," Working Papers 2015-05, Grenoble Applied Economics Laboratory (GAEL).
    5. Stojčić, Nebojša & Srhoj, Stjepan & Coad, Alex, 2020. "Innovation procurement as capability-building: Evaluating innovation policies in eight Central and Eastern European countries," European Economic Review, Elsevier, vol. 121(C).
    6. Thomas Le Texier & Ludovic Ragni, 2019. "'Hybrid' competition, innovation outcomes and regulation: A duopoly model [Concurrence 'hybride', innovation et régulation : Un modèle de duopole]," Post-Print halshs-02389002, HAL.
    7. Thomas Le Texier & Ludovic Ragni, 2019. "Concurrence 'hybride', innovation et régulation : un modèle de duopole," GREDEG Working Papers 2019-29, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    8. Claude Paraponaris, 2017. "Plateformes numériques, conception ouverte et emploi," Post-Print halshs-01614430, HAL.
    9. Lily Fang & Josh Lerner & Chaopeng Wu & Qi Zhang, 2023. "Anticorruption, Government Subsidies, and Innovation: Evidence from China," Management Science, INFORMS, vol. 69(8), pages 4363-4388, August.
    10. Arman Avadikyan & Gilles Lambert & Christophe Lerch, 2016. "A Multi-Level Perspective on Ambidexterity: The Case of a Synchrotron Research Facility," Working Papers of BETA 2016-44, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    11. Kibaek Lee & Jaeheung Yoo & Munkee Choi & Hangjung Zo & Andrew P Ciganek, 2016. "Does External Knowledge Sourcing Enhance Market Performance? Evidence from the Korean Manufacturing Industry," PLOS ONE, Public Library of Science, vol. 11(12), pages 1-19, December.
    12. Ozgur Aydogmus & Erkan Gürpinar, 2022. "Science, Technology and Institutional Change in Knowledge Production: An Evolutionary Game Theoretic Framework," Dynamic Games and Applications, Springer, vol. 12(4), pages 1163-1188, December.
    13. Oleg Curbatov, 2013. "The 'Knowledge Marketing': A New Trend In A Management Science World," Post-Print hal-01509370, HAL.
    14. Stojčić, Nebojša, 2021. "Social and private outcomes of green innovation incentives in European advancing economies," Technovation, Elsevier, vol. 104(C).
    15. Oliver Falck & Anita Dietrich & Tobias Lohse & Friederike Welter & Heike Belitz & Cedric von der Hellen & Carsten Dreher & Carsten Schwäbe & Dietmar Harhoff & Monika Schnitzer & Uschi Backes-Gellner &, 2019. "Steuerliche Forschungsförderung: Wichtiger Impuls für FuE-Aktivitäten oder zu wenig zielgerichtet?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(09), pages 03-25, May.
    16. Cimoli, Mario & Primi, Annalisa & Rovira, Sebastián, 2011. "National innovation surveys in latin America: empirical evidence and policy implications," Documentos de Proyectos 3897, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    17. Kertcher, Zack & Venkatraman, Rohan & Coslor, Erica, 2020. "Pleasingly parallel: Early cross-disciplinary work for innovation diffusion across boundaries in grid computing," Journal of Business Research, Elsevier, vol. 116(C), pages 581-594.
    18. Matthias Firgo & Peter Mayerhofer, 2015. "Wissens-Spillovers und regionale Entwicklung - welche strukturpolitische Ausrichtung optimiert des Wachstum?," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 144, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    19. Inglesi-Lotz, Roula, 2017. "Social rate of return to R&D on various energy technologies: Where should we invest more? A study of G7 countries," Energy Policy, Elsevier, vol. 101(C), pages 521-525.
    20. Z. Jun Lin & Shengqiang Liu & Fangcheng Sun, 2017. "The Impact of Financing Constraints and Agency Costs on Corporate R&D Investment: Evidence from China," International Review of Finance, International Review of Finance Ltd., vol. 17(1), pages 3-42, March.

    More about this item

    Keywords

    Economics of Technology;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unm:umamer:2005027. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Leonne Portz (email available below). General contact details of provider: https://edirc.repec.org/data/meritnl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.