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Often Overlooked Factors in Measuring the Rate of Return to Government R & D Expenditures

Paul Kochanowski and Henry Hertzfeld
Policy Analysis
Vol. 7, No. 2 (Spring 1981), pp. 153-167
Stable URL: http://www.jstor.org/stable/42783472
Page Count: 15
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Often Overlooked Factors in Measuring the Rate of Return to Government R & D Expenditures
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Abstract

The authors develop a methodology for evaluating types of innovations, their time paths, and how these factors affect the empirical results obtained from models measuring the economic impacts of government R & D. Based on this investigation, they argue that apparent contradictions found in the empirical results probably have little, if anything, to do with the effectiveness of government R & D but rather are most likely a consequence of the type and nature of the innovations analyzed.

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