Academic Research Culture and Incentives Theory

Academic Research Culture and Incentives Theory

This paper models a dynamic scholar’s allocation of time between academia and professional activities outside academia, given the academic labor market and social interactions. The model shows how particularly in less developed countries business and political networks may have large negative externalities for academic research culture and then for university system performance. The conclusion part of the paper offers a brief discussion on policy recommendations to stimulate academic research productivity.

J.E.L. Classification: A19; C62; D19; J22.