IDEAS home Printed from https://ideas.repec.org/a/now/jlastp/110.00000023.html
   My bibliography  Save this article

The Returns to Publicly Funded R&D: A Study of U.S. Federally Funded Research and Development Centers

Author

Listed:
  • James A. Cunningham
  • Albert N. Link

Abstract

There is an ongoing policy debate across many countries about the returns to investments in publicly funded R&D. However, much of that debate is based on conjecture rather than empirical facts. Unlike the literature that focuses on the returns to investments in privately funded R&D activity, empirical estimates of the returns to publicly funded R&D are limited. This monograph focuses on one group of public sector organizations that is not only R&D intensive but also that has the potential to enrich economic growth and development in the United States; namely, Federally Funded Research and Development Centers (FFRDCs). Herein, the limited literature on the returns to public sector returns to R&D is reviewed, this legislative history of FFRDCs is presented, and the social benefits associated with FFRDC research are evaluated. The monograph concludes with policy recommendations about the direction for future research on the returns to publicly funded R&D.

Suggested Citation

  • James A. Cunningham & Albert N. Link, 2022. "The Returns to Publicly Funded R&D: A Study of U.S. Federally Funded Research and Development Centers," Annals of Science and Technology Policy, now publishers, vol. 6(3), pages 228-314, March.
    • Handle: RePEc:now:jlastp:110.00000023
    DOI: 10.1561/110.00000023
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1561/110.00000023
    Download Restriction: no
    File URL: https://libkey.io/10.1561/110.00000023?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Park, Walter G, 1995. "International R&D Spillovers and OECD Economic Growth," Economic Inquiry, Western Economic Association International, vol. 33(4), pages 571-591, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Joshua C. R. Fletcher & Eric S. Howard & Albert N. Link & Alan C. O’Connor, 2023. "Knowledge-based information and the effectiveness of R&D in small firms," Small Business Economics, Springer, vol. 60(3), pages 891-900, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alberto BUCCI, 2004. "Economic growth in an enlarged Europe: the human capital and R&D dimensions," Departmental Working Papers 2004-22, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    2. Adam Jaffe & Manuel Trajtenberg, 1999. "International Knowledge Flows: Evidence From Patent Citations," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 8(1-2), pages 105-136.
    3. Andrea Bassanini & Stefano Scarpetta, 2003. "The Driving Forces of Economic Growth: Panel Data Evidence for the OECD Countries," OECD Economic Studies, OECD Publishing, vol. 2001(2), pages 9-56.
    4. Haskel, Jonathan & Wallis, Gavin, 2013. "Public support for innovation, intangible investment and productivity growth in the UK market sector," Economics Letters, Elsevier, vol. 119(2), pages 195-198.
    5. Dominique Guellec & Bruno Van Pottelsberghe de la Potterie, 2004. "From R&D to Productivity Growth: Do the Institutional Settings and the Source of Funds of R&D Matter?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(3), pages 353-378, July.
    6. Ugur, Mehmet & Trushin, Eshref & Solomon, Edna & Guidi, Francesco, 2016. "R&D and productivity in OECD firms and industries: A hierarchical meta-regression analysis," Research Policy, Elsevier, vol. 45(10), pages 2069-2086.
    7. Greiner, Alfred & Semmler, Willi, 2001. "Externalities of investment and endogenous growth: theory and time series evidence," Structural Change and Economic Dynamics, Elsevier, vol. 12(3), pages 295-310, September.
    8. Coe, David T. & Helpman, Elhanan & Hoffmaister, Alexander W., 2009. "International R&D spillovers and institutions," European Economic Review, Elsevier, vol. 53(7), pages 723-741, October.
    9. Francisco de Castro Fernández & José Manuel González Mínguez, 2008. "The composition of public finances and long-term growth: a macroeconomic approach," Occasional Papers 0809, Banco de España.
    10. Petr Hanel, 2000. "R&D, Interindustry and International Technology Spillovers and the Total Factor Productivity Growth of Manufacturing Industries in Canada, 1974-1989," Economic Systems Research, Taylor & Francis Journals, vol. 12(3), pages 345-361.
    11. Jorge Crespo & Francisco Javier Velázquez, 2003. "Multinationals and diffrsion of technology Between developed countries," European Economy Group Working Papers 26, European Economy Group.
    12. Chen, Hong & Wang, Xi & Singh, Baljeet, 2018. "Can private domestic investment lead Chinese technological progress?," Economic Modelling, Elsevier, vol. 70(C), pages 186-193.
    13. Scherngell, Thomas & Borowiecki, Martin & Hu, Yuanjia, 2014. "Effects of knowledge capital on total factor productivity in China: A spatial econometric perspective," China Economic Review, Elsevier, vol. 29(C), pages 82-94.
    14. Hall, Bronwyn H. & Mairesse, Jacques & Mohnen, Pierre, 2010. "Measuring the Returns to R&D," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 1033-1082, Elsevier.
    15. Alfranca, Oscar & Huffman, Wallace E., 1999. "Private R&D Investments in Agriculture: The Role of Incentives and Institutions," ISU General Staff Papers 199912010800001333, Iowa State University, Department of Economics.
    16. Ljungwall, Christer & Tingvall, Patrik Gustavsson, 2015. "Is China different? A meta-analysis of the growth-enhancing effect from R&D spending in China," China Economic Review, Elsevier, vol. 36(C), pages 272-278.
    17. McCunn, Alan & Huffman, Wallace E., 1998. "Convergence in U.S. TFP Growth for Agriculture: Implications of Interstate Research Spillovers for Funding Agricultural Research," ISU General Staff Papers 199808010700001304, Iowa State University, Department of Economics.
    18. Esposti, Roberto & Pierani, Pierpaolo, 1997. "The Source of Technical Change in Italian Agriculture: A Latent Variable Approach," Staff Papers 200593, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    19. Carolina Hintzmann & Josep Lladós-Masllorens & Raul Ramos, 2021. "Intangible Assets and Labor Productivity Growth," Economies, MDPI, vol. 9(2), pages 1-21, May.
    20. Keller, Wolfgang, 2002. "Trade and the Transmission of Technology," Journal of Economic Growth, Springer, vol. 7(1), pages 5-24, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:now:jlastp:110.00000023. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lucy Wiseman (email available below). General contact details of provider: http://www.nowpublishers.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.