The Domino Effect of Federal Research Funding

The Domino Effect of Federal Research Funding

dc.date.accessioned	2015-10-08T22:49:12Z
dc.date.available	2015-10-08T22:49:12Z
dc.date.issued	2015-10-08
dc.description	Data File, csv format, is the cleaned dataset used to run the empirical analysis. Code for the Data Build & Empirical Analysis, text file, annotates the code for building the dataset from original, public, raw, sources) and running the models. Data availability statement, pdf, overviews the main methodological approach for building the dataset.	en_US
dc.description.abstract	Scholarship on research and development (R&D) funding has focused primarily on the relationship between Federal and Industry or, more comprehensively, non-Federal funding without disentangling the various sources of additional research support that include Nonprofits and State and Local governments. As local institutions along with philanthropy and foundation funding take on greater prominence, there is an expectation that Federal funding is less important. This paper extends our understanding of R&D support by considering a greater range of non-Federal sources of R&D for academic fields. We examine whether Federal R&D investment serves as a complement or substitute for State and Local government, Nonprofit, and Industry R&D investment, respectively. We analyze the population of academic science and engineering fields at U.S. doctoral-granting universities using a two-stage model that instruments for prior levels of the non-Federal funding source and includes academic field fixed effects. We estimate that a 1% increase in federal R&D funding is associated with a 0.411% increase in Nonprofit R&D funding, a 0.217% increase in State and Local R&D funding, and a 0.468% increase in Industry R&D funding. Results indicate that Federal funding plays a fundamental role in inducing complementary investments from other funding sources, with impacts varying across broad academic fields, by departmental research capacity, and institutional control.	en_US
dc.identifier	doi:10.7264/N3W957G6
dc.identifier.uri	https://hdl.handle.net/1794/19409
dc.language.iso	en_US	en_US
dc.rights	Creative Commons BY-NC 4.0-US	en_US
dc.subject	University research funding	en_US
dc.subject	Fiscal policy	en_US
dc.subject	R & D	en_US
dc.subject	Technology policy	en_US
dc.subject	signaling	en_US
dc.subject	S & E	en_US
dc.title	The Domino Effect of Federal Research Funding	en_US
dc.type	Dataset	en_US