Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/185171 
Year of Publication: 
2018
Series/Report no.: 
IZA Discussion Papers No. 11711
Publisher: 
Institute of Labor Economics (IZA), Bonn
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.
Subjects: 
UMETRICS
innovation
patents
research policy
teams
JEL: 
O30
O31
O38
Document Type: 
Working Paper

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