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The Productivity of UK Universities

In: Conferences on New Political Economy

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  • Gustavo Crespi
  • Aldo Geuna

Abstract

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 [2002]; KLEVORICK, LEVIN, NELSON AND WINTER [1995]; JAFFE [1989]; NARIN, HAMILTON AND OLIVASTRO [1997]) or firm performance (Adams [1990]), 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 [1996] and JOHNES AND JOHNES [1995]. This study is based on and further develops Adams and Griliches's methodology.
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Suggested Citation

  • Gustavo Crespi & Aldo Geuna, 2008. "The Productivity of UK Universities," Conferences on New Political Economy,in: Max Albert & Stefan Voigt & Dieter Schmidtchen (ed.), Conferences on New Political Economy, edition 1, volume 25, pages 71-95(25) Mohr Siebeck, Tübingen.
  • Handle: RePEc:mhr:connpe:doi:10.1628/186183408785112412
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    Cited by:

    1. Suriñach,Jordi & Duque,Juan Carlos & Royuela, Vicente, 2007. "Patrones De Publicación Internacional (Ssci) De Los Autores Afi liados A Universidades Españolas.En El Ámbito Económicoempresarial(1994-2004)," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 25, pages 277-310, Abril.
    2. Geuna, Aldo & Piolatto, Matteo, 2016. "Research assessment in the UK and Italy: Costly and difficult, but probably worth it (at least for a while)," Research Policy, Elsevier, vol. 45(1), pages 260-271.
    3. repec:spr:anresc:v:59:y:2017:i:2:d:10.1007_s00168-017-0843-4 is not listed on IDEAS
    4. Lehmann, Erik E. & Warning, Susanne, 2010. "The impact of regional endowment and university characteristics on university efficiency," UO Working Papers 04-10, University of Augsburg, Chair of Management and Organization.
    5. Geuna, Aldo & Piolatto, Matteo, 2014. "The Development of Research Assessment in the UK and Italy: Costly and difficult, but probably worth (for a while)"," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201416, University of Turin.

    More about this item

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • I2 - Health, Education, and Welfare - - Education

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