The impact of money on science: Evidence from unexpected NCAA football outcomes

被引:6
|
作者
Tabakovic, Haris [1 ,2 ]
Wollmann, Thomas G. [3 ]
机构
[1] Harvard Sch Business, Soldiers Field Rd, Boston, MA 02163 USA
[2] Brattle Grp, Soldiers Field Rd, Boston, MA 02163 USA
[3] Univ Chicago, Booth Sch Business, 5807 South Woodlawn Ave, Chicago, IL 60637 USA
关键词
Productivity; Knowledge production; Research and development; Patents; Licensing; RESEARCH-AND-DEVELOPMENT; KNOWLEDGE SPILLOVERS; PRODUCTIVITY; UNIVERSITIES;
D O I
10.1016/j.jpubeco.2019.104066
中图分类号
F [经济];
学科分类号
02 ;
摘要
How productive are university research investments, and do the resulting pools of knowledge create valuable, downstream technology - or simply accumulate in the "ivory tower"? This paper uses unexpected NCAA athletic outcomes to vary research support to university faculty and estimate knowledge productivity. We find positive, significant effects of research expenditures on articles published and patents filed. Then, using data on university technology licensing income, we show that these investments produce large returns in real terms. (C) 2019 Elsevier B.V. All rights reserved.
引用
收藏
页数:14
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