Impact of US Economic Crises on University Research and Development Investments


Daim T. U., Ozdemir D.

JOURNAL OF THE KNOWLEDGE ECONOMY, vol.6, no.1, pp.13-27, 2015 (ESCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 6 Issue: 1
  • Publication Date: 2015
  • Doi Number: 10.1007/s13132-012-0135-2
  • Journal Name: JOURNAL OF THE KNOWLEDGE ECONOMY
  • Journal Indexes: Emerging Sources Citation Index (ESCI), Scopus
  • Page Numbers: pp.13-27
  • Istanbul Technical University Affiliated: Yes

Abstract

Universities are a well-known source of innovation that provides educated human resources, a scientific infrastructure, and their own research and development (R&D) capacity. In this way, they supply considerable and varied input to the economic environment. Yet the impacts of economic crises on university R&D are not discussed in the literature. This paper explores the impacts of the last seven economic crises in the USA on university R&D investments. Changes in industrial, government, and institutional funding during these economic crises are analyzed. Findings show an increase in government investments; however, the rest of the analyses did not show statistically significant results.