The impact of publicly funded basic research

An integrative extension of Martin and Salter

Gregory McMillan, Robert D. Hamilton

Research output: Contribution to journalArticle

18 Citations (Scopus)

Abstract

This paper provides an integrative literature review of the research on the impact of the public funding of basic research, extending previous work done at the Science Policy Research Unit (SPRU), University of Sussex, East Sussex, U.K. "Impact" is measured in terms of publications, patents, new drugs, employment, and new start-up companies. The primary focus of this paper is on empirical studies of the impact of biomedical research. However, a few key theoretical papers and empirical papers with a broader industrial focus are also reviewed to provide a more complete perspective. Conclusions, including an alternative view that basic research need not be public supported, and future research opportunities in this area are also discussed.

Original languageEnglish (US)
Pages (from-to)184-191
Number of pages8
JournalIEEE Transactions on Engineering Management
Volume50
Issue number2
DOIs
StatePublished - May 1 2003

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Basic research
Industry
Empirical study
Biomedical research
Science policy
Drugs
Public funding
Start-up companies
Literature review
Patents
Policy research

All Science Journal Classification (ASJC) codes

  • Industrial and Manufacturing Engineering
  • Business and International Management
  • Management of Technology and Innovation
  • Strategy and Management

Cite this

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The impact of publicly funded basic research : An integrative extension of Martin and Salter. / McMillan, Gregory; Hamilton, Robert D.

In: IEEE Transactions on Engineering Management, Vol. 50, No. 2, 01.05.2003, p. 184-191.

Research output: Contribution to journalArticle

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