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Science by Consensus: Eliciting Citizens’ and Experts’ R&D Spending Priorities

Author

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  • Francesco Capozza
  • Krishna Srinivasan
  • Mattie Toma

Abstract

Research and development (R&D) is thought to be an important determinant of improvements in living standards, health, and economic security. Yet, U.S. government spending on R&D has fallen over time, with further cuts proposed. Two standard rationalizations for such cuts are: (i) citizens support such cuts, and (ii) the marginal social return from R&D is low. We test these using surveys with U.S. citizens and experts. Our evidence rejects both: a large majority of citizens do not favor cuts and, on the contrary, prefer increasing R&D spending; and a large majority of experts judge the marginal social returns from increasing R&D spending to be high, with the average belief placing benefits at about $3 per dollar invested. Experts underestimate public support, indicating that they misperceive the political feasibility of increasing R&D spending.

Suggested Citation

  • Francesco Capozza & Krishna Srinivasan & Mattie Toma, 2025. "Science by Consensus: Eliciting Citizens’ and Experts’ R&D Spending Priorities," CESifo Working Paper Series 12235, CESifo.
    • Handle: RePEc:ces:ceswps:_12235
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    Keywords

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    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • H4 - Public Economics - - Publicly Provided Goods
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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