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Research Funding Mechanisms and Biomedical Research Outputs
Author(s) -
Clark Julian,
Hirsch Gabrielle,
Jensen Paul H.,
Webster Elizabeth
Publication year - 2016
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/1759-3441.12130
Subject(s) - order (exchange) , control (management) , management , economics , finance
We use scientist‐level panel data in order to estimate the effect which the number, type and source of research grants has on subsequent commercial contracts, publications and patent outputs. In so doing, we control for time‐invariant factors including individual researcher preferences, the nature of the work and the business model of the researcher's laboratory. We find that, whereas Fellowships and Project or program grants had a positive effect on whether the scientist subsequently signed a commercial contract, Equipment and Development grants had the largest impact per grant. Finally, we find that International grants were negatively associated with the number of commercial contracts signed. The data were drawn from 488 biomedical researchers at the Walter and Eliza Hall Institute over the period 2009–2012.