Money for Something: The Links between Research Funding and Innovation

22 Pages Posted: 14 Aug 2018

See all articles by Britta Glennon

Britta Glennon

Carnegie Mellon University

Julia Lane

Wagner Graduate School of Public Service; Institute for the Study of Labor (IZA)

Ridhima Sodhi

New York University (NYU)

Date Written: July 30, 2018

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.

Keywords: UMETRICS, innovation, teams, patents, research policy

JEL Classification: L98, O30, O31, O38

Suggested Citation

Glennon, Britta and Lane, Julia and Sodhi, Ridhima, Money for Something: The Links between Research Funding and Innovation (July 30, 2018). Available at SSRN: https://ssrn.com/abstract=3222799 or http://dx.doi.org/10.2139/ssrn.3222799

Britta Glennon

Carnegie Mellon University

Pittsburgh, PA 15213-3890
United States

Julia Lane (Contact Author)

Wagner Graduate School of Public Service ( email )

The Puck Building
295 Lafayette Street, Second Floor
New York, NY 10012
United States

Institute for the Study of Labor (IZA) ( email )

P.O. Box 7240
Bonn, D-53072
Germany

HOME PAGE: http://www.iza.org

Ridhima Sodhi

New York University (NYU) ( email )

Bobst Library, E-resource Acquisitions
20 Cooper Square 3rd Floor
New York, NY 10003-711
United States

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