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Efficiency and technological change at US research universities
Authors:Jeremy D Foltz  Bradford L Barham  Jean-Paul Chavas  Kwansoo Kim
Institution:(1) Department of Agricultural and Applied Economics, University of Wisconsin-Madison, 427 Lorch Street, Madison, WI 53706, USA;(2) Department of Agricultural Economics and Rural Development, Seoul National University, Gwanak, Seoul, South Korea
Abstract:This article investigates the determinants of efficiency and technological progress at US research universities. It relies on a unique panel data set of multiple outputs and inputs from 92 universities covering the period 1981–1998. Over that time span, US universities experienced large increases in industry funding and in academic patenting activity. In this context, the directional distance function and a nonparametric representation of the underlying production technology are combined to obtain estimates of productivity growth and technical efficiency. An econometric analysis is then presented to examine the determinants of technical efficiency and the rate of technological progress. The results show how changes in funding sources for US research universities affects research performance.
Keywords:
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