SPENDING WISELY? HOW RESOURCES AFFECT KNOWLEDGE PRODUCTION IN UNIVERSITIES

Every year billions of dollars are spent on research grants to produce new knowledge in universities. However, as grants may also affect other research funding, the effects of financial resources on knowledge production remain unclear. To uncover how financial resources affect knowledge production, we study the effects of research spending itself. Utilizing the legal constraints on university spending from an endowment we develop an instrumental variables approach. Our approach instruments for university research spending with time‐series variation in stock prices interacted with cross‐sectional variation in initial endowment market values for research universities in the United States. Our analysis reveals that research spending has a substantial positive effect on the number of papers produced, but not their impact. We also demonstrate that research spending effects are quite similar at private and public universities. (JEL H5, I2, O3)     

The Use of a Modified Repertory Grid Technique for Assessing the Self-Concept of Children in Local Authority Foster Care

Dr. C. Hicks, School of Continuing Studies, University of Birmingham, P.O. Box 363, Birmingham, B15 2TT. Summary Two studies were carried out using a modified form of the repertorygrid technique to investigate the self-esteem of children inLocal Authority Care. The aim of the first study was to comparethe self-perceptions and self-esteem of Children in Local AuthorityCare with a group of matched controls. Two groups of ten subjectswere given a modified repertory grid task, which involved presentingeight pictorial elements and eight bipolar constructs, and askingthe subjects to rank order the elements according to their perceptionof each construct. The results indicated that children in Local Authority Carea) have significantly lower self-esteem scores (t=2.25, p<0.025)and b) have significantly fewer positive constructs about themselvesoverall (X²=7.07. p<0.01). The second study used a correlational design and looked at therelationship between the number of caretaker changes and self-esteem,in a single further group of eleven children in Local AuthorityCare. The same technique for assessing self-esteem was used as inStudy 1. The results showed a significant negative correlation(r=–0.638, p<0.025) suggesting that the more movesa child experiences, the lower the self-esteem is likely tobe. The results of both these studies are discussed in terms oftheir implications for Local Authority Child Care policy andfor the use of the repertory grid technique as a procedure forassessing self-esteem.