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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Haskel_publicly_funded_research_and_economic_growth.pdf | manage | 24.8 K | 27 Jan 2010 - 16:44 | JonathanHaskel |