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Why European Union funding of academic research should be increased: a radical proposal

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  • Keith Pavitt

Abstract

The role of publicly funded academic research in Europe's future economic and social development has been both misunderstood and neglected in Europe's science and technology policy. Experience in the USA suggests that the generous public funding of high-quality academic research is the source of major new technological opportunities, as well as an attraction for high-quality business activities in an increasingly globalised world. The European Union should consider establishing an agency to complement and compete with national agencies in funding academic research. Its success would depend on its capacity to identify and support exciting multi-disciplinary programmes of research and related training in promising fields, rather than on its capacity to forecast or demonstrate specific applications. Copyright , Beech Tree Publishing.

Suggested Citation

  • Keith Pavitt, 2000. "Why European Union funding of academic research should be increased: a radical proposal," Science and Public Policy, Oxford University Press, vol. 27(6), pages 455-460, December.
    • Handle: RePEc:oup:scippl:v:27:y:2000:i:6:p:455-460
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    File URL: http://hdl.handle.net/10.3152/147154300781781779
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    Citations

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    Cited by:

    1. Yin, Zhifeng & Liang, Zheng & Zhi, Qiang, 2018. "Does the concentration of scientific research funding in institutions promote knowledge output?," Journal of Informetrics, Elsevier, vol. 12(4), pages 1146-1159.
    2. Kym Fraser & Benedict Sheehy, 2020. "Abundant Publications but Minuscule Impact: The Irrelevance of Academic Accounting Research on Practice and the Profession," Publications, MDPI, vol. 8(4), pages 1-36, October.
    3. Zellner, Christian, 2003. "The economic effects of basic research: evidence for embodied knowledge transfer via scientists' migration," Research Policy, Elsevier, vol. 32(10), pages 1881-1895, December.
    4. Mirjam Knockaert & Mike Wright & Bart Clarysse & Andy Lockett, 2010. "Agency and similarity effects and the VC’s attitude towards academic spin-out investing," The Journal of Technology Transfer, Springer, vol. 35(6), pages 567-584, December.
    5. Staffan Jacobsson, 2002. "Universities and industrial transformation: An interpretative and selective literature study with special emphasis on Sweden," SPRU Working Paper Series 81, SPRU - Science Policy Research Unit, University of Sussex Business School.
    6. Seyed Reza Mirnezami & Catherine Beaudry, 2016. "The effect of holding a research chair on scientists’ productivity," Scientometrics, Springer;Akadémiai Kiadó, vol. 107(2), pages 399-454, May.
    7. Stephan, Paula E., 2010. "The Economics of Science," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 217-273, Elsevier.
    8. Herrera, Liliana & Muñoz-Doyague, Maria Felisa & Nieto, Mariano, 2010. "Mobility of public researchers, scientific knowledge transfer, and the firm's innovation process," Journal of Business Research, Elsevier, vol. 63(5), pages 510-518, May.
    9. Gross, Daniel P. & Sampat, Bhaven N., 2023. "The World War II crisis innovation model: What was it, and where does it apply?," Research Policy, Elsevier, vol. 52(9).
    10. Frenken, Koen, 2002. "The geography of collaborative knowledge production: entropy techniques and results for the European Union," ERSA conference papers ersa02p029, European Regional Science Association.
    11. Koen Jonkers & Frédérique Sachwald, 2018. "The dual impact of ‘excellent’ research on science and innovation: the case of Europe," Science and Public Policy, Oxford University Press, vol. 45(2), pages 159-174.
    12. Berman, Alexander & Mudambi, Ram & Shoham, Amir, 2022. "Linguistic structures and innovation: A behavioral approach," Journal of International Management, Elsevier, vol. 28(4).

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