Contribution of academic research to innovation and growth
To what extent does publicly financed academic research contribute to economic growth? Does publicly funded academic research complement or substitute private investment in research and development (R&D)? These are important questions in relation to political choices to fund academic research.
To answer these questions, we need to understand how the knowledge created by publicly funded research spills over to the rest of the economy. Does academic knowledge transfer mainly through direct contact between universities and firms, or through the mobility of students and researchers recruited by private firms?
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