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The Board on Science, Technology, and Economic Policy (STEP) organized a workshop gathering leading researchers to explore the social returns of federal investments into the innovation system and the data, tools, and performance measures that help science policy makers assess the outcomes of federal spending on research, development, and innovation.
Featured publication
Returns to Federal Investments in the Innovation System: Proceedings of a Workshop—in Brief
Proceedings
·2017
Through grants, contracts, and loans, the federal government invests over $140 billion annually in research and development. Most economists agree that public support for research and development is essential given that the private sector—unable to internalize the social benefits—will underinvest in...
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