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Government's Role in Innovation - Dennis Patrick Leyden

Government's Role in Innovation

Hardcover Published: 15th August 1992
ISBN: 9780792392613
Number Of Pages: 194

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Inadequate investment in innovation is particularly costly in today's globally competitive environment where continued technological advancements are critical to sustaining economic prosperity. The government has a critical role in ensuring that society's general interest in innovation, and the public good associated with innovation, is represented in private-sector decision making. This can be accomplished through a variety of programs and initiatives that reward innovation at all levels. The various activities that make this possible fall into two general categories: (1) the creation and maintenance of a legal environment that encourages private sector investment in innovation (patents and the relaxation of antitrust); and (2) the provision of incentives to overcome the natural inclination of private parties to consider only their private benefits when choosing the level of innovation in which to invest (governmental grants and contracts to targeted tax incentives). The role of government, more specifically, can be found in three key areas: (1) funding of research and development performed in the private sector; (2) funding of Feder

List of Figures
List of Tables
Defining Government's Role in Innovationp. 1
The Influence of Federally-Financed RandDp. 13
History of Federal RandD Supportp. 13
The Effect on Private RandDp. 15
The Effect on Productivity Growthp. 15
The Production of Technical Knowledgep. 19
Theoretical Frameworkp. 21
RandD Production Processesp. 21
Decisionmaking With No Governmental RandD Allocationp. 29
Decisionmaking With a Governmental RandD Allocationp. 35
Empirical Evidencep. 41
Descriptive Analysisp. 41
The Empirical Modelp. 44
The Empirical Resultsp. 47
Conclusionsp. 49
Appendix:Government as a Risk-Averse Bureaucratp. 55
Governmental RandD Conducted In-Housep. 56
Contracting with a Risk-Neutral Firmp. 60
Contracting with a Risk-Averse Firmp. 67
Conclusionsp. 68
Investments in Infratechnology Researchp. 73
Investments in Infratechnologyp. 74
Investments by Federal Laboratoriesp. 74
Investments by Industrial Laboratoriesp. 75
Infratechnology and Productivityp. 76
Conclusionsp. 80
Economic Impact of Federal Investments in Infratechnologyp. 83
Evaluating Infratechnology Researchp. 84
NIST's Investments to Implement Standards for Optical Fiberp. 87
The Optical Fiber Industryp. 87
Implementing Optical Fiber Standardsp. 93
Estimating the Economic Impacts of NIST-Supported Standardsp. 98
Implications of the Findingsp. 103
NIST's Research Program on Electromigration Characterizationp. 106
Electromigration Characterizationp. 106
The U.S. Semiconductor Industryp. 110
Estimating the Economic Impact of Electromigration Researchp. 113
Implications of the Findingsp. 118
Conclusionsp. 120
The Impact of External Research Relationshipsp. 127
Description of the Datap. 128
External Research Relationshipsp. 131
University-Based Research Programsp. 131
State-Funded Science and Technology Center Research Programsp. 136
Empirical Analysisp. 143
Explaining Utilization of External Researchp. 143
External Research Relationships and the Size Elasticity of RandDp. 144
External Research Relationships and the Efficiency of RandDp. 147
Conclusionsp. 148
Policy Initiatives to Support Innovationp. 153
The Research and Development Tax Creditp. 154
Tax Incentives as a Policy Toolp. 154
Tax Policies Affecting RandDp. 159
Effectiveness of the RandE Tax Creditp. 164
Conclusionsp. 166
Restating Government's Role in Innovationp. 171
Referencesp. 175
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792392613
ISBN-10: 0792392612
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 194
Published: 15th August 1992
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5  x 1.4
Weight (kg): 0.48