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

Author

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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. Katrin Hussinger & João N. Carvalho, 2022. "The long-term effect of research grants on the scientific output of university professors," Industry and Innovation, Taylor & Francis Journals, vol. 29(4), pages 463-487, April.
    2. 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.
    3. Lawson, Cornelia & Geuna, Aldo & Finardi, Ugo, 2021. "The funding-productivity-gender nexus in science, a multistage analysis," Research Policy, Elsevier, vol. 50(3).
    4. Hottenrott, Hanna & Lawson, Cornelia, 2017. "Fishing for complementarities: Research grants and research productivity," International Journal of Industrial Organization, Elsevier, vol. 51(C), pages 1-38.
    5. Ubfal, Diego & Maffioli, Alessandro, 2010. "The Impact of Funding on Research Collaboration: Evidence from Argentina," IDB Publications (Working Papers) 2663, Inter-American Development Bank.
    6. Corinna Ghirelli & Enkelejda Havari & Elena Meroni & Stefano Verzillo, 2023. "The long-term causal effects of winning an ERC grant," Working Papers 2313, Banco de España.
    7. 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.
    8. Hottenrott, Hanna & Lawson, Cornelia, 2013. "Fishing for Complementarities: Competitive Research Funding and Research Productivity," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201354, University of Turin.
    9. 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).
    10. 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.
    11. Anckaert, Paul-Emmanuel & Cassiman, David & Cassiman, Bruno, 2020. "Fostering practice-oriented and use-inspired science in biomedical research," Research Policy, Elsevier, vol. 49(2).
    12. ONISHI Koichiro & OWAN Hideo, 2020. "Heterogenous Impacts of National Research Grants on Academic Productivity," Discussion papers 20052, Research Institute of Economy, Trade and Industry (RIETI).
    13. 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.
    14. 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.
    15. 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.
    16. 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.
    17. 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.
    18. Diego Ubfal & Alessandro Maffioli, 2010. "The Impact of Funding on Research Collaboration: Evidence from Argentina," IDB Publications (Working Papers) 9395, Inter-American Development Bank.
    19. 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.

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