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Econ 483_Lecture 21_Public provision - Lecture 21 Public...

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Lecture 21 Public Provision & Support of R&D Econ 483: Economics of Innovation & Technology Evangelia Chalioti University of Illinois at Urbana-Champaign April 8, 2013 Lecture 21: Public Support of R&D, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c ° All rights reserved. ,. ,. ,.
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How can government move research to the optimal level? There are several ways: Public provision of research Public funding of research Encourage private appropriation of public-funded research for further development Encourage private supplemental support or collaboration in public/nonpro°t research Lecture 21: Public Support of R&D, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c ° All rights reserved. ,. ,. ,.
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Public Provision of Research; Federal R&D Federal government: accounts for 30% of total funds that go to R&D produces only 8% of R&D Thus, it funds almost four times more R&D than it actually does. Of course, private sector accounts for most of the R&D. It spends 63% of total R&D expenditures and engages in 72% of total R&D In contrast with the private sector, universities have been relying more and more on federal funds. Lecture 21: Public Support of R&D, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c ° All rights reserved. ,. ,. ,.
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Lecture 21: Public Support of R&D, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c ° All rights reserved. ,. ,. ,.
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Public provision of civilian research Civilian public R&D record is mixed. Federal R&D projects studied by Cohen & Noll (1990) Lecture 21: Public Support of R&D, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c ° All rights reserved.
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