Title :
Technical and management notes: The impact of federal research and development spending on productivity
Author_Institution :
Dept. of Economics, School of Business & Economics, Univ. of North Carolina, Greensboro, NC, USA
Abstract :
Although the government has a long history of supporting R&D activity, very little is known about the effects of federal R&D spending. The hypothesis investigated in this paper is that federal R&D indirectly affects the productivity of the conducting firm. The empirical results support the theoretical model which predicts that the marginal rate of return to private R&D is lower in firms receiving relatively more federal R&D dollars.
Keywords :
economic and sociologic effects; research and development management; federal research and development spending; marginal rate of return; productivity; Economics; Educational institutions; Government; Industries; Manufacturing; Productivity; Research and development;
Journal_Title :
Engineering Management, IEEE Transactions on
DOI :
10.1109/TEM.1982.6448552
