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Toward an assessment of impacts from US technology and innovation policies

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  • Barry Bozeman
  • Albert N. Link

Abstract

Five important policy initiatives were promulgated in response to the slowdown in US productivity in the early 1970s, and then again in the late 1970s and early 1980s. These initiatives included the Bayh–Dole Act of 1980, the Stevenson–Wydler Act of 1980, the Research and Experimentation Tax Credit Act of 1981, the Small Business Innovation and Development Act of 1982, and the National Cooperative Research Act of 1984. Scholars and policy-makers have long debated the direction and magnitude of impacts from these policies but empirical evidence remains modest, especially evidence of their aggregate effects. Our assessment of these policies is based on quantifying their collective impact on industrial investments in R&D in the post-productivity slowdown period. Our findings support the conclusion that the relative levels of industrial investments in R&D from 1980 onwards were significantly higher than before, ceteris paribus.

Suggested Citation

  • Barry Bozeman & Albert N. Link, 2015. "Toward an assessment of impacts from US technology and innovation policies," Science and Public Policy, Oxford University Press, vol. 42(3), pages 369-376.
    • Handle: RePEc:oup:scippl:v:42:y:2015:i:3:p:369-376.
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    File URL: http://hdl.handle.net/10.1093/scipol/scu058
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    Cited by:

    1. Bonfim, Leandro R.C. & Segatto, Andréa P. & Gonçalves, Sandro A., 2018. "A conical-helix model of technology transfer and public-private partnerships for technological development in Brazilian public health," Technology in Society, Elsevier, vol. 53(C), pages 110-123.
    2. Stojčić, Nebojša & Srhoj, Stjepan & Coad, Alex, 2020. "Innovation procurement as capability-building: Evaluating innovation policies in eight Central and Eastern European countries," European Economic Review, Elsevier, vol. 121(C).
    3. Albert N. Link, 2017. "Ideation, entrepreneurship, and innovation," Small Business Economics, Springer, vol. 48(2), pages 279-285, February.
    4. Albert N. Link & Christopher A. Swann, 2016. "R&D as an investment in knowledge based capital," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(1), pages 11-24, March.
    5. David B. Audretsch & Albert N. Link, 2019. "Embracing an entrepreneurial ecosystem: an analysis of the governance of research joint ventures," Small Business Economics, Springer, vol. 52(2), pages 429-436, February.
    6. Albert N. Link, 2021. "Technology Transfer at U.S. Federal Laboratories: R&D Disclosures Patent Applications," International Studies in Entrepreneurship, in: Maribel Guerrero & David Urbano (ed.), Technology Transfer and Entrepreneurial Innovations, chapter 0, pages 45-58, Springer.

    More about this item

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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