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Science as a Public Good: Public Use and Funding of Science

Summary:
Yian Yin, Yuxiao Dong, Kuansan Wang, Dashun Wang & Benjamin Jones in this NBER paper Knowledge of how science is consumed in public domains is essential for a deeper understanding of the role of science in human society. While science is heavily supported by public funding, common depictions suggest that scientific research remains an isolated or ‘ivory tower’ activity, with weak connectivity to public use, little relationship between the quality of research and its public use, and little correspondence between the funding of science and its public use. This paper introduces a measurement framework to examine public good features of science, allowing us to study public uses of science, the public funding of science, and how use and funding relate. Specifically, we integrate five

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Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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