Do Competitively Acquired Funds Induce Public Research Institutions to Behave Efficiently?
KOF Working Paper No. 242
30 Pages Posted: 3 Dec 2009
Date Written: November 1, 2009
Abstract
This paper analyzes the effect of public and private third-party funds on the efficiency of departments of Swiss public research institutions. Estimating an output distance function assuming that labor is used to produce master students and scientific publications, we find no statistically significant effect of private or public third-party funding on research effciency. However, once we include technology transfer as an additional output, the coefficient of private funding is statistically significant. We further find that this disciplining effect of private funding is qualitatively robust in a setting controlling for endogeneity.
Keywords: efficiency, research, university, technology transfer, Third-Party Funding, public finance
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