The Division of Policy Research and Analysis at the National Science Foundation: Its Support of Research on the Returns to R&D

Michael J. Hall (), Stephen Layson and Albert Link
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Michael J. Hall: University of North Carolina at Greensboro, Department of Economics

No 13-6, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: The U.S. National Science Foundation’s (NSF’s) Division of Policy Research and Analysis (PRA) supported academic research related to, among many other things, measurement of the returns to private and public R&D, during the early 1980s. The findings from this body of research became a foundation for a number of technology and innovation policies promulgated in the aftermath of the U.S. productivity slowdown in the 1970s, and, as we suggest in this paper, a foundation for many contemporary technology and innovation policy initiatives. We argue that there are lessons to be learned from PRA’s successes from its sponsorship of research in this area, and we suggest one possible area of future emphasis for NSF’s on-going Science of Science and Innovation Policy (SciSIP) program.

Keywords: Division of Policy Research and Analysis; National Science Foundation; Returns to R&D; Technology; Innovation; Science of Science and Innovation Policy (search for similar items in EconPapers)
JEL-codes: O31 O32 O38 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2013-04-05
New Economics Papers: this item is included in nep-cse, nep-ino, nep-ipr, nep-pr~ and nep-sbm
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