Funding research in universities: do government resources act as a complement or substitute to industry funding?

Yuandi Wang, Yu Chen, Weiping Li*, Tao Wang, Lijia Guo, Jason Li-Ying, Jiashun Huang*

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

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Abstract

The interactions between universities and businesses have become key drivers of today’s economic growth and firms’ business success. However, a key factor, the existing relationship between government and industry funding, is largely underexplored. This study investigates the relationship between government and industry funding for universities, in the context of developing countries, specifically taking China as a case. We found that there is a substitution effect between the two types of funding and this effect varies from different types of universities. We discuss our findings and draw implications for firms that seek to collaborate with universities.
Original languageEnglish
JournalEconomic Research-ekonomska Istraživanja
Volume33
Issue number1
Pages (from-to)1377-1393
ISSN1848-9664
DOIs
Publication statusPublished - 2020

Keywords

  • University-industry interaction
  • Government funding
  • Industry funding
  • Business and economics

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