Federal Life Sciences Funding and University R&D / Margaret E. Blume-Kohout, Krishna B. Kumar, Neeraj Sood.

Format:

Book

Author/Creator:

Blume-Kohout, Margaret E.

Contributor:

National Bureau of Economic Research.

Kumar, Krishna B.

Sood, Neeraj.

Series:

Working Paper Series (National Bureau of Economic Research) no. w15146.

NBER working paper series no. w15146

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2009.

Summary:

This paper investigates the impact of federal extramural research funding on total expenditures for life sciences research and development (R&D) at U.S. universities, to determine whether federal R&D funding spurs funding from non-federal (private and state/local government) sources. We use a fixed effects instrumental variable approach to estimate the causal effect of federal funding on non-federal funding. Our results indicate that a dollar increase in federal funding leads to a $0.33 increase in non-federal funding at U.S. universities. Our evidence also suggests that successful applications for federal funding may be interpreted by non-federal funders as a signal of recipient quality: for example, non-PhD-granting universities, lower ranked universities and those that have historically received less funding experience greater increases in non-federal funding per federal dollar received.

Notes:

Print version record

July 2009.