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Money for Science? The Impact of Research Grants on Academic Output

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  • Daniel Chudnovsky
  • Andrés López
  • Martín A. Rossi
  • Diego Ubfal

Abstract

This paper evaluates the impact of subsidies on the academic performance of researchers in Argentina. Academic performance is measured in terms of number of publications and in terms of impact factors in peer-reviewed journals. The performance of researchers with financially supported projects is compared with that of a control group of researchers who submitted projects accepted in terms of quality but not supported because of shortage of funds. We use non-experimental data and a difference-in-differences approach along with propensity score matching techniques, where we control for pre-programme observable attributes as well as for researchers' time-invariant unobservable characteristics. Our findings suggest a positive and statistically significant effect of subsidy on academic performance, especially for young researchers. Copyright (c) 2008 The Authors.

Suggested Citation

  • Daniel Chudnovsky & Andrés López & Martín A. Rossi & Diego Ubfal, 2008. "Money for Science? The Impact of Research Grants on Academic Output," Fiscal Studies, Institute for Fiscal Studies, vol. 29(1), pages 75-87, March.
  • Handle: RePEc:ifs:fistud:v:29:y:2008:i:1:p:75-87
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    Citations

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    Cited by:

    1. Selcuk Besir Demir, 2018. "Pros and cons of the new financial support policy for Turkish researchers," Scientometrics, Springer;Akadémiai Kiadó, vol. 116(3), pages 2053-2068, September.
    2. Morten Henningsen & Torbjørn Hægeland & Jarle Møen, 2015. "Estimating the additionality of R&D subsidies using proposal evaluation data to control for research intentions," The Journal of Technology Transfer, Springer, vol. 40(2), pages 227-251, April.
    3. Anckaert, Paul-Emmanuel & Cassiman, David & Cassiman, Bruno, 2020. "Fostering practice-oriented and use-inspired science in biomedical research," Research Policy, Elsevier, vol. 49(2).
    4. Hottenrott, Hanna & Lawson, Cornelia, 2013. "Fishing for Complementarities: Competitive Research Funding and Research Productivity," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201318, University of Turin.
    5. Diego Ubfal & Alessandro Maffioli, 2010. "The Impact of Funding on Research Collaboration: Evidence from Argentina," SPD Working Papers 1006, Inter-American Development Bank, Office of Strategic Planning and Development Effectiveness (SPD).
    6. Lawson, Cornelia & Geuna, Aldo & Finardi, Ugo, 2019. "Nurturing knowledge? The impact of funding and family on scientific performance," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201902, University of Turin.
    7. Jason Gush & Adam Jaffe & Victoria Larsen & Athene Laws, 2018. "The effect of public funding on research output: the New Zealand Marsden Fund," New Zealand Economic Papers, Taylor & Francis Journals, vol. 52(2), pages 227-248, May.
    8. Ubfal, Diego & Maffioli, Alessandro, 2011. "The impact of funding on research collaboration: Evidence from a developing country," Research Policy, Elsevier, vol. 40(9), pages 1269-1279.
    9. Morten S. Henningsen & Torbjørn Hægeland & Jarle Møen, 2012. "Estimating the additionality of R&D subsidies using proposal evaluation data to control for firms' R&D intentions," Discussion Papers 729, Statistics Norway, Research Department.
    10. Diego Ubfal & Alessandro Maffioli, 2010. "The Impact of Funding on Research Collaboration: Evidence from Argentina," IDB Publications (Working Papers) 9395, Inter-American Development Bank.
    11. Benavente, José Miguel & Crespi, Gustavo & Figal Garone, Lucas & Maffioli, Alessandro, 2012. "The impact of national research funds: A regression discontinuity approach to the Chilean FONDECYT," Research Policy, Elsevier, vol. 41(8), pages 1461-1475.
    12. Marco Cozzi, 2020. "Public Funding of Research and Grant Proposals in the Social Sciences: Empirical Evidence from Canada," Department Discussion Papers 1809, Department of Economics, University of Victoria.
    13. Bloch, Carter & Sørensen, Mads P. & Graversen, Ebbe K. & Schneider, Jesper W. & Schmidt, Evanthia Kalpazidou & Aagaard, Kaare & Mejlgaard, Niels, 2014. "Developing a methodology to assess the impact of research grant funding: A mixed methods approach," Evaluation and Program Planning, Elsevier, vol. 43(C), pages 105-117.
    14. Jennifer D. Artz & Mete Erdogan & Robert S. Green, 2016. "A national survey on small research grants and the scholarly productivity of emergency medicine physicians in Canada," Research Evaluation, Oxford University Press, vol. 25(3), pages 329-338.
    15. Aboal, Diego & Tacsir, Ezequiel, 2016. "The impact of ex-ante subsidies to researchers on researcher's productivity: Evidence from a developing country," MERIT Working Papers 2016-019, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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