Econ 483_Lecture 21_Public provision

Lecture 21 public support of rd econ483 econ of

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Unformatted text preview: been relying more and more on federal funds. Lecture 21: Public Support of R&D, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. L ecture 21: Public Support of R&D, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. 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 A ll rights reserved. Federal R&D projects studied by Cohen & Noll (1990) Lecture 21: Public Support of R&D, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Problems with federal R&D record Government tends to fund R&D that is directly bene…cial to voters, and attracts the imagination or attention of voters - For instance, after Sputnik, the R&D was directed in aeronautics. Government doesn’ want to take projects...
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