This paper studies an unusually comprehensive data-set of the universe of research groups that applied to an Italian 1989 93 research programme in biotechnology and bio-instrumentation. We develop a model to test whether past publications influence the expected grants obtained by the units in this programme, and hence their publication output. We find that this effect is important, and suggest that institutional features of resource allocation in public research may have serious implications for long term divergence in research performance. We also find that to maximise the total expected publications of the programme about 85% of its budget should be allocated to the top quartile of the selected units (about 10% of applicants) ranked according to past publications. Our estimated elasticity of publications on budget is 0.6, and we find evidence of a trade-off between publications and "industrial transferability": all else held constant, projects conducted with industrial applications in mind produce about 20% fewer publications.
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Length: 29 pages Date of creation: 27 May 1996 Date of revision: Handle: RePEc:wpa:wuwpio:9605002
Note: Type of Document - PS; prepared on IBM PC ; to print on PostScript; pages: 29; figures: request from author. Appendices and figures not included. Contact author for them. Contact details of provider: Web page: http://129.3.20.41
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Find related papers by JEL classification: L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise H4 - Public Economics - - Publicly Provided Goods P5 - Economic Systems - - Comparative Economic Systems
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Lorenzo Rocco, 2002.
"Economics of Science,"
Working Papers
55, University of Milano-Bicocca, Department of Economics, revised Aug 2002.
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