The Matthew effect, research productivity, and the dynamic allocation of NIH grants.
Funding is important for research. However, research funding may suffer from the Matthew effect: the more researchers already have, the more they will be given. I develop an empirical framework to study how the National Institutes of Health (NIH) could allocate funding in a dynamically optimal manne...
| Published in: | RAND Journal of Economics (Wiley-Blackwell) Vol. 54; no. 1; pp. 135 - 165 |
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| Format: | Article |
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Wiley-Blackwell
Mar2023
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=162398028&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 162398028 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 07416261 56RJ jtl: RAND Journal of Economics (Wiley-Blackwell) issn: 07416261 maglogo: Y pubinfo: dt: Mar2023 vid: 54 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 162398028 10.1111/1756-2171.12433 ppf: 135 ppct: 30 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 1.7MB tig: atl: The Matthew effect, research productivity, and the dynamic allocation of NIH grants. aug: au: Qiu, Y. J. Jeff affil: Yale University su: National Institutes of Health (U.S.) Grants (Money) Empirical research Matthew effect Endowment of research Endowments Research funding sug: subj: Grants (Money) Empirical research National Institutes of Health (U.S.) Other Grantmaking and Giving Services Grantmaking Foundations Matthew effect Endowment of research Endowments Research funding ab: Funding is important for research. However, research funding may suffer from the Matthew effect: the more researchers already have, the more they will be given. I develop an empirical framework to study how the National Institutes of Health (NIH) could allocate funding in a dynamically optimal manner by balancing funds between young and veteran principal investigators (PIs). I find that the discount factor that rationalizes NIH's funding behavior is about 0.75, implying it may underfund young PIs. Moreover, a temporary funding cut would have long‐lasting effects on overall research output through its adverse impact on investment in young PIs. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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