The United States continues to fall further behind world leaders in funding for university research. To reverse course, it should increase support by $45 billion per year and provide stronger incentives for businesses to increase their investments.
R&D and Innovation
September 12, 2019
Why Federal R&D Policy Needs to Prioritize Productivity to Drive Growth and Reduce the Debt-to-GDP Ratio
The federal government should significantly increase spending on research and development that specifically targets technologies likely to boost productivity in order to spur growth and reduce the budget deficit.
September 9, 2019
Academic studies consistently show that a reduction in current drug revenues leads to a fall in future research and the number of new drug discoveries.
September 3, 2019
Fact of the Week: Implementing an R&D tax Credit Increases a State’s Rate of Business Formation by 7.5 Percent
Proponents of R&D tax credits argue that reducing the costs businesses face to innovate encourages them to invest more into R&D. A recent study of county-level data between 1990 and 2010 provides evidence to support this argument.
August 28, 2019
If the U.S. economy is to regain its international competitiveness, especially vis-à-vis China, it will have to accelerate innovation, including in advanced-industry production.
August 26, 2019
Fact of the Week: Every Dollar Canadian Firms Invested in R&D Between 2000 and 2012 Added Another 33 Cents to the Rest of the Economy
When a business makes a new discovery, it cannot capture all the profits for itself, because competitors can replicate the discovery or use it to pursue their own new research opportunities. This positive spillover effect doesn’t provide an incentive for businesses to invest in R&D, but it helps the rest of society, which is one reason why governments subsidize R&D investments.
August 26, 2019
The Global Energy Innovation Index: National Contributions to the Global Clean Energy Innovation System
Since 2015, 24 nations and the EU have joined “Mission Innovation,” pledging to double public investments in energy RD&D and collaborate on key innovation challenges. This report seeks to provide accountability for these commitments and lay the foundation for more ambitious measures.
August 12, 2019
The United States is continuing to drift in the wrong direction when it comes to federal funding for research and development (R&D).
August 2, 2019
As Rob Atkinson writes for IndustryWeek, both Congress and the administration have an opportunity to once again ensure that America leads in the world in R&D support.
August 1, 2019
The United States is one of the most prosperous economies on earth because our elected officials and other leaders have embraced, or at least accepted, “creative destruction.”
July 31, 2019
In an article for Issues in Science and Technology, Dorothy Robyn and Jeffrey Marqusee explain how the Department of Defense’s research and innovation system is well-suited to advancing clean energy technologies in both the military and civilian sectors.