The present work starts from a simple question: Why should a state pay the salary for an academic researcher in economics? Generally speaking, research should be financed because it is useful for socioeconomic development; knowledge represents a productive input and it increases social welfare....

In the last years, a codification debate has developed among economists concerning the meaning and the empirical relevance of tacit knowledge. As this debate seems to have reached an impasse, we suggest a solution to take it a step further that is based on a more precise definition of tacit...

Universities have long been involved in knowledge transfer activities and are increasing their efforts to collaborate with industry. However, universities vary enormously in the extent to which they promote, and succeed in commercializing, academic research. In this paper, we focus on the...