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

• 成果类型: Article
• 署名作者: Tabakovic, Haris; Wollmann, Thomas G.
• 署名单位: Harvard University; The Brattle Group; University of Chicago
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2019.104066
• 发表日期: 2019
• 关键词: productivity; Knowledge production; research and development; patents; Licensing

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.