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Innovations in the exploration of outer space

Author

Listed:
  • Henry R. Hertzfeld
  • Benjamin Staats
  • George Leaua

Abstract

Human exploration of outer space has stimulated multiple innovations from both government and private sources. The decision to invest vast sums of money over a short period of time for the moon programs of the 1960s radically increased the level of innovation. Accomplishing this required new forms of energy for launch and space operations, reductions in the weight of components, and advanced computational capabilities, among many other technological improvements. The organization and management of bringing all of the components together was also essential. This report discusses economic aspects and overall benefits of those innovations as they fit into the prior and continuing push for advanced space capabilities.

Suggested Citation

  • Henry R. Hertzfeld & Benjamin Staats & George Leaua, 2022. "Innovations in the exploration of outer space," WIPO Economic Research Working Papers 71, World Intellectual Property Organization - Economics and Statistics Division.
    • Handle: RePEc:wip:wpaper:71
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    File URL: https://www.wipo.int/edocs/pubdocs/en/wipo-pub-econstat-wp-71-en-innovations-in-the-exploration-of-outer-space.pdf
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    More about this item

    Keywords

    Space economics; NASA; government investment; technology transfer; spinoffs; batteries; composites; artificial intelligence;
    All these keywords.

    JEL classification:

    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy
    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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