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
October 23, 2017
Fact of the Week: The Gap in ICT Investment Between the United States and Canada Widened by 12 Percentage Points From 2008 to 2014
While private investment in ICT per Canadian worker has been lower than U.S. levels since the 1980s, it has dropped to new lows in recent years, writes John Wu in Innovation Files.
October 16, 2017
Fact of the Week: In Developing Countries, Increasing the Availability of Bank Credit Raises the Probability a Firm Will Invest in R&D by 7.6 Percent
Adding 10 more bank branches per 100,000 adults in developing economies increases the probability that businesses will invest in R&D by 7.6 percent, writes John Wu in Innovation Files.
October 11, 2017
The United States used to dominate the world in R&D investment, with its federal funding alone exceeding the rest of the world’s public and private spending combined. But no more. Today, the U.S. government accounts for less than 10 percent of the global R&D pie. Rob Atkinson explained whither and why at the Atlanta Conference on Science and Innovation Policy.
August 30, 2017
Stephen Ezell gave a keynote presentation on “Localizing the Economic Impact of Technology Transfer and R&D” to the annual meeting of the Western conference of the Federal Labs Consortium in Pasadena, California.
August 28, 2017
Fact of the Week: For Every 10 Percent Increase in R&D Investment per Employee, Irish Firm Productivity Increases by 12 Percent
Among Irish firms, a 10 percent increase in R&D investment per employee raised productivity by 12 percent, writes John Wu in Innovation Files.
July 10, 2017
Driving the transformation of the federal enterprise through innovation is central not just to improving the lives of Americans and boosting productivity, but also to restoring faith in government.
July 5, 2017
Reducing or eliminating the R&D tax credit to “pay for” a lower corporate rate would be a serious mistake. To boost productivity and competitiveness, Congress should lower the corporate rate while expanding the research credit’s Alternative Simplified Credit from 14 to 20 percent.
June 12, 2017
Fact of the Week: In the EU, Increasing R&D Investment Creates 30 Percent More Employment in High-Tech Firms than Medium-Tech Firms
In the EU, increasing R&D investment by one percent creates 30 percent more employment in high-tech firms than medium-tech firms, writes John Wu in Innovation Files.
May 19, 2017
Fact of the Week: Private Chinese Firms Innovate More Efficiently Than State-Owned Firms, Yet China Showers Much More Generous R&D Subsidies on State-Owned Firms
State-owned Chinese firms receive up to four times more R&D subsidies but are less innovative than private Chinese firms, writes John Wu in Innovation Files
May 18, 2017
On May 18, 2017, Stephen Ezell gave a presentation before the Rare Disease Congressional Caucus on "Incentivizing Innovation for Rare Disease Treatment and Development."