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The governance and performance of research universities: evidence from Europe and the U.S.

Aghion, P.; Dewatripont, M.; Moxby, C.M.; Mas-Colell, A.; Supir, A.; (2009) The governance and performance of research universities: evidence from Europe and the U.S. (NBER Working Papers 14851). National Bureau of Economic Research: Cambridge, US. Green open access

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Abstract

We investigate how university governance affects research output, measured by patenting and international university research rankings. For both European and U.S. universities, we generate several measures of autonomy, governance, and competition for research funding. We show that university autonomy and competition are positively correlated with university output, both among European countries and among U.S. public universities. We then identity a (political) source of exogenous shocks to funding of U.S. universities. We demonstrate that, when a state's universities receive a positive funding shock, they produce more patents if they are more autonomous and face more competition from private research universities. Finally, we show that during periods when merit-based competitions for federal research funding have been most prominent, universities produce more patents when they receive an exogenous funding shock, suggesting that routine participation in such competitions hones research skill.

Type: Working / discussion paper
Title: The governance and performance of research universities: evidence from Europe and the U.S.
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.nber.org/papers/w14851
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/17760
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