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The Returns to Publicly Funded R&D: A Study of U.S. Federally Funded Research and Development Centers

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  • James A. Cunningham
  • Albert N. Link

Abstract

There is an ongoing policy debate across many countries about the returns to investments in publicly funded R&D. However, much of that debate is based on conjecture rather than empirical facts. Unlike the literature that focuses on the returns to investments in privately funded R&D activity, empirical estimates of the returns to publicly funded R&D are limited. This monograph focuses on one group of public sector organizations that is not only R&D intensive but also that has the potential to enrich economic growth and development in the United States; namely, Federally Funded Research and Development Centers (FFRDCs). Herein, the limited literature on the returns to public sector returns to R&D is reviewed, this legislative history of FFRDCs is presented, and the social benefits associated with FFRDC research are evaluated. The monograph concludes with policy recommendations about the direction for future research on the returns to publicly funded R&D.

Suggested Citation

  • James A. Cunningham & Albert N. Link, 2022. "The Returns to Publicly Funded R&D: A Study of U.S. Federally Funded Research and Development Centers," Annals of Science and Technology Policy, now publishers, vol. 6(3), pages 228-314, March.
    • Handle: RePEc:now:jlastp:110.00000023
    DOI: 10.1561/110.00000023
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    References listed on IDEAS

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    1. Park, Walter G, 1995. "International R&D Spillovers and OECD Economic Growth," Economic Inquiry, Western Economic Association International, vol. 33(4), pages 571-591, October.
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    Cited by:

    1. Joshua C. R. Fletcher & Eric S. Howard & Albert N. Link & Alan C. O’Connor, 2023. "Knowledge-based information and the effectiveness of R&D in small firms," Small Business Economics, Springer, vol. 60(3), pages 891-900, March.

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