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Money for Something: The Links between Research Funding and Innovation

Author

Listed:
  • Glennon, Britta

    (University of Pennsylvania)

  • Lane, Julia

    (New York University)

  • Sodhi, Ridhima

    (New York University)

Abstract

Federal research funding to universities is often based on a desire to stimulate innovation – so that they spend taxpayer money for "something". There is growing understanding of the need to change the structure of research funding in order to do so; less is known about the effectiveness of different organizational structures. Yet, as Jones has pointed out, increasing the efficiency with which we transfer knowledge from one generation to the next could have important implications for innovation and productivity growth. In this paper we use new data to examine how the main organizational structure used to train the next generation of scientists and inventors – teams funded by research grants – leads to innovative activity as measured by patents.

Suggested Citation

  • Glennon, Britta & Lane, Julia & Sodhi, Ridhima, 2018. "Money for Something: The Links between Research Funding and Innovation," IZA Discussion Papers 11711, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp11711
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    References listed on IDEAS

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    1. Benjamin F. Jones, 2009. "The Burden of Knowledge and the "Death of the Renaissance Man": Is Innovation Getting Harder?," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(1), pages 283-317.
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    3. Vincent Larivière & Chaoqun Ni & Yves Gingras & Blaise Cronin & Cassidy R. Sugimoto, 2013. "Bibliometrics: Global gender disparities in science," Nature, Nature, vol. 504(7479), pages 211-213, December.
    4. Pierre Azoulay, 2012. "Turn the scientific method on ourselves," Nature, Nature, vol. 484(7392), pages 31-32, April.
    5. Feldman, Maryann P. & Audretsch, David B., 1999. "Innovation in cities:: Science-based diversity, specialization and localized competition," European Economic Review, Elsevier, vol. 43(2), pages 409-429, February.
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    7. Jiri Vanecek, 2014. "The effect of performance-based research funding on output of R&D results in the Czech Republic," Scientometrics, Springer;Akadémiai Kiadó, vol. 98(1), pages 657-681, January.
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    9. Freeman, Richard B. & Goroff, Daniel L (ed.), 2009. "Science and Engineering Careers in the United States," National Bureau of Economic Research Books, University of Chicago Press, number 9780226261898, October.
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    12. Vincent Larivière & Yves Gingras & Cassidy R. Sugimoto & Andrew Tsou, 2015. "Team size matters: Collaboration and scientific impact since 1900," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 66(7), pages 1323-1332, July.
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    Cited by:

    1. Broström, Anders, 2019. "Academic breeding grounds: Home department conditions and early career performance of academic researchers," Research Policy, Elsevier, vol. 48(7), pages 1647-1665.
    2. Chang, Wan-Ying & Cheng, Wei & Lane, Julia & Weinberg, Bruce, 2019. "Federal funding of doctoral recipients: What can be learned from linked data," Research Policy, Elsevier, vol. 48(6), pages 1487-1492.

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    More about this item

    Keywords

    UMETRICS; innovation; patents; research policy; teams;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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