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Public Funding of Universities: Why and How?

In: The Economics of Science: Taking Stock and Looking Ahead

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  • Otto Toivanen

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  • Otto Toivanen, 2026. "Public Funding of Universities: Why and How?," NBER Chapters, in: The Economics of Science: Taking Stock and Looking Ahead, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:15345
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    References listed on IDEAS

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    2. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
    3. Gianni Fraja, 2016. "Optimal public funding for research: a theoretical analysis," RAND Journal of Economics, RAND Corporation, vol. 47(3), pages 498-528, August.
    4. 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.
    5. Wang, Jian & Lee, You-Na & Walsh, John P., 2018. "Funding model and creativity in science: Competitive versus block funding and status contingency effects," Research Policy, Elsevier, vol. 47(6), pages 1070-1083.
    6. Ghirelli, Corinna & Havari, Enkelejda & Meroni, Elena Claudia & Verzillo, Stefano, 2023. "The Long-Term Causal Effects of Winning an ERC Grant," IZA Discussion Papers 16108, IZA Network @ LISER.
    7. Mokyr, Joel, 2005. "The Intellectual Origins of Modern Economic Growth," The Journal of Economic History, Cambridge University Press, vol. 65(2), pages 285-351, June.
    8. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-596, September.
    9. Scott Stern, 2004. "Do Scientists Pay to Be Scientists?," Management Science, INFORMS, vol. 50(6), pages 835-853, June.
    10. Jacob, Brian A. & Lefgren, Lars, 2011. "The impact of research grant funding on scientific productivity," Journal of Public Economics, Elsevier, vol. 95(9), pages 1168-1177.
    11. Sauermann, Henry & Roach, Michael, 2014. "Not all scientists pay to be scientists: PhDs’ preferences for publishing in industrial employment," Research Policy, Elsevier, vol. 43(1), pages 32-47.
    12. Charles I. Jones & John C. Williams, 1998. "Measuring the Social Return to R&D," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(4), pages 1119-1135.
    13. Partha Dasgupta & Paul A. David, 1987. "Information Disclosure and the Economics of Science and Technology," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Arrow and the Ascent of Modern Economic Theory, chapter 16, pages 519-542, Palgrave Macmillan.
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