The private contractual funding of academic laboratories: a panel data analysis

Abstract

The article presents new evidence explaining contractual private funding of academic laboratories. We find that public funding crowds out private funding. While private funding increases with publications it decreases with publications corrected for impact.

Acknowledgements

This work is part of a larger project on knowledge production at ULP. We are grateful to all members of the team. Acknowledgements extend to the administrative departments and the Technology Transfer Office at ULP, and to the CNRS Industrial Liaison Office.

Notes

¹See Dasgupta and David (1994), Cohen et al. (1998) and Blumenthal et al. (1996).

²ULP researchers have received numerous scientific prizes (six Nobel prices and one Field Medal). Active researchers count 1 Nobel laureate, 11 members of the Institut Universitaire de France and 11 members of the French National Academy of Science.

³We collected more than 26000 occurrences of published articles of all permanent researchers (using SCI and SSCI databases of ISI). PUBF_{( it )} sums and corrects for coauthorship. PPIMP_{( it )} in addition weights each item by the impact factor (given in ISI-JCI).

⁴These variables come from standardized administrative reports completed by all laboratories in 1996 which are both a précis of the past four years and a project for the next four years.

⁵All time-invariant variables are eliminated by the data transformation.

⁶As the set of instruments proposed by AM is legitimate, we concentrate our attention on AM estimates.