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The economics of research, consulting, and teaching quality: Theory and evidence from a technical university

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  • Stefano BIANCHINI
  • Francesco LISSONI
  • Michele PEZZONI
  • Lorenzo ZIRULIA

Abstract

We investigate the effect of both research and consulting on higher education teaching quality at the individual level. We propose a theoretical model in which academics allocate limited time between three activities, over a two period horizon, under the assumption of positive spillovers from research to both consulting opportunities and teaching, and of life cycle effects on incentives. Propositions from the model are tested against teaching evaluation data from a mid-sized Italian engineering faculty. We find that research experience improves teaching quality, but only if it does not translate into large consulting opportunities. In that case, research experience provides too strong a disincentive to invest time in teaching, and quality deteriorates.

Suggested Citation

  • Stefano BIANCHINI & Francesco LISSONI & Michele PEZZONI & Lorenzo ZIRULIA, 2014. "The economics of research, consulting, and teaching quality: Theory and evidence from a technical university," Cahiers du GREThA 2014-15, Groupe de Recherche en Economie Théorique et Appliquée.
  • Handle: RePEc:grt:wpegrt:2014-15
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    File URL: http://cahiersdugretha.u-bordeaux4.fr/2014/2014-15.pdf
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    Keywords

    higher education; teaching; academic consulting; research; economics of science;

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • L84 - Industrial Organization - - Industry Studies: Services - - - Personal, Professional, and Business Services
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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