As policymakers consider the value of small business innovation programs, they should understand that their returns on investment are considerably larger than conventional estimates indicate.
Science and R&D
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.
May 2, 2019
A recent literature review by a noted innovation economist summarizes some of the available evidence and finds that tax credits produce more private R&D along with strong social benefits, and patent boxes can help countries retain the intellectual property they produce.
April 1, 2019
Fact of the Week: EU Initiative That Co-Finances Loans for Risky R&D Projects Induced 14 Times the Initiative's Investments Between 2007 and 2016
The European Union in 2007 established the Risk Sharing Finance Facility (RSFF) to improve access to debt financing for high-risk R&D projects by co-financing loans with private banks. A new study has analyzed the impact of the €18.2 billion that the RSFF invested from its inception through 2016.
March 25, 2019
Fact of the Week: Firms that Significantly Reduce Executive Stock Options Have 66 Percent Lower R&D Investment Two Years Later
Aligning executive incentives such as stock options with firms’ long-term growth objectives is crucial for promoting innovation. A new study examined the magnitude of this effect, focusing on a 2005 change in tax regulations that made providing stock options more expensive.