-- JonathanHaskel - 27 Jan 2010

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Title How much does publicly funded research contribute to UK economic growth?
Author Jonathan Haskel
Year 2010
Abstract Universities undertake two major tasks: teaching and research (the third being the
administration required to manage these processes). There are then at least two
possible mechanisms whereby these tasks affect economic growth.
a. Teaching. More skilled students raises the human capital of the workforce
and so growth.
b. Research. New knowledge spills over to other sectors, raises their
knowledge capital and so leads to new products, services, methods of
production etc.
This note attempts to quantify the second of these effects and thus the impact of a cut
in public support for research. The first effect is quantified in Haskel (2010).
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How much does publicly funded research contribute to UK economic growth?
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Topic revision: r3 - 18 May 2011, JonathanHaskel
 

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