Title :
Federal support of technological growth in industry: Some evidence of crowding out
Author_Institution :
Bureau of Economics, Federal Trade Comm., Washington, DC, USA
Abstract :
Investigates empirically the degree to which federal R&D displaces private R&D. The analysis is based on a sample of 174 manufacturing firms. It is found that the firm´s allocation of its R&D expenditures is not independent of the amount of federal funds it receives. Specifically, federal research subsidies displace existing research activities in favor of additional development projects.
Keywords :
economics; manufacturing industries; research and development management; R&D expenditures; allocation; development projects; federal R&D; federal funds; federal research subsidies; manufacturing firms; private R&D; technological growth; Economics; Government; Industries; Manufacturing; Productivity; Research and development; Resource management;
Journal_Title :
Engineering Management, IEEE Transactions on
DOI :
10.1109/TEM.1981.6447450
