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The Economics of Science and Technology

An Overview of Initiatives to Foster Innovation, Entrepreneurship, and Economic Growth

  • Maryann P. Feldman
  • Albert N. Link
  • Donald S. Siegel

Table of contents

  1. Front Matter
    Pages i-xv
  2. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 1-6
  3. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 7-19
  4. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 21-25
  5. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 27-41
  6. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 43-45
  7. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 47-52
  8. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 53-57
  9. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 59-63
  10. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 65-73
  11. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 75-81
  12. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 83-91
  13. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 93-95
  14. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 97-101
  15. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 103-111
  16. Maryann P. Feldman, Albert N. Link, Donald S. Siegel
    Pages 113-115
  17. Back Matter
    Pages 117-135

About this book

Introduction

Science and technology have long been regarded as important determinants of economic growth. Edwin Mansfield (1971, pp. 1- 2), a pioneer in the economics of technological change, noted: Technological change is an important, if not the most important, factor responsible for economic growth . . . without question, [it] is one of the most important determinants of the shape and evolution of the American economy. Science and technology are even more important in the "new economy," with its greater emphasis on the role of intellectual property and knowledge transfer. Therefore, it is unfortunate that most individuals rarely have the opportunity to explore the economic implications of science and technology. As a result, the antecedents and consequences of technological change are poorly understood by many in the general public. This lack of understanding is reflected in a recent survey conducted by the National Science Board (2000), summarized in Science & Engineering Indicators. ' As shown in Table 1. 1, the findings of the survey indicated that many Americans, despite a high level of interests in such matters, are not as well-informed about technological issues as they are about other policy issues. As shown in the table, individuals self assess, based on a scale from 1 to 100, their interest in science and technology policy issues as being relatively high, yet they self assess their knowledge or informedness about these issues relatively lower.

Keywords

Forschung & Entwicklung economic growth growth innovation science and technology technology policy

Authors and affiliations

  • Maryann P. Feldman
    • 1
  • Albert N. Link
    • 2
  • Donald S. Siegel
    • 3
  1. 1.Johns Hopkins UniversityUSA
  2. 2.University of North Carolina at GreensboroUSA
  3. 3.University of NottinghamUK

Bibliographic information