Abstract
Though a variety of reasons are often given for supporting Federally-financed R&D, the most common justifications have been that it stimulates private-sector innovative activity and that it increases the Nation’s rate of productivity growth.1
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Notes
The three classic roles for government are to enhance efficiency, promote equity, and engage in stabilization policies. The justification for stimulating private-sector innovation per se can be debated. It seems clear, however, that government does have a role in stimulating growth as part of a comprehensive stabilization policy. See Musgrave and Musgrave (1989).
Unpublished National Science Foundation data. Other historical statistics in this chapter came from various National Science Foundation publications.
See Chapter 7.
See Link and Bauer (1989).
See Chapter 8.
See Carmichael (1981); Levin and Reiss (1984); Levy (1990); Levy and Terleckyj (1983); Leyden, Link, and Bozeman (1989); Lichtenberg (1984, 1987); Link (1982, 1987); Mansfield and Switzer (1984); and Scott (1984).
See reviews by Griliches (1988) and Link (1987).
See Link (1981) and Terleckyj (1974).
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© 1992 Springer Science+Business Media New York
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Leyden, D.P., Link, A.N. (1992). The Influence of Federally-Financed R&D. In: Government’s Role in Innovation. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2936-7_2
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DOI: https://doi.org/10.1007/978-94-011-2936-7_2
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-5304-4
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