NBER

Andreu Mas-Colell

Universitat Pompeu Fabra

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Institutional Affiliation: Universitat Pompeu Fabra

NBER Working Papers and Publications

April 2009The Governance and Performance of Research Universities: Evidence from Europe and the U.S.
with Philippe Aghion, Mathias Dewatripont, Caroline M. Hoxby, André Sapir: w14851
We investigate how university governance affects research output, measured by patenting and international university research rankings. For both European and U.S. universities, we generate several measures of autonomy, governance, and competition for research funding. We show that university autonomy and competition are positively correlated with university output, both among European countries and among U.S. public universities. We then identity a (political) source of exogenous shocks to funding of U.S. universities. We demonstrate that, when a state's universities receive a positive funding shock, they produce more patents if they are more autonomous and face more competition from private research universities. Finally, we show that during periods when merit-based competitions for fed...

Published: Aghion, P., Dewatripont, M., Hoxby, C., Mas-Colell, A. and Sapir, A. (2010), The governance and performance of universities: evidence from Europe and the US. Economic Policy, 25: 7–59. doi: 10.1111/j.1468-0327.2009.00238.x

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