Efficiency and technological change at US research universities |
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Authors: | Jeremy D Foltz Bradford L Barham Jean-Paul Chavas Kwansoo Kim |
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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 |
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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. |
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Keywords: | |
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