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Government Subsidies To Private Military R&D Investmen: Dod'S Ir&D Policy

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  • LICHTENBERG, F.R.

Abstract

A relatively obscure defense procurement policy establishes a large subsidy to private military R&D investment. On the surface, it appears that the marginal subsidy to such investment is zero, but this is only true in the short run. Due to DOD's policy of allowable-cost determination, the long-run subsidy is substantial. It is much larger, in fact, than the subsidy provided by the R&D Tax Credit enacted in 1981. I calculate the subsidy by estimating an econometric model using contractor-level data from the Defense Contract Audit Agency. This subsidy may have an important influence on the amount and character of privately financed innovation in the U.S.
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Suggested Citation

  • Lichtenberg, F.R., 1988. "Government Subsidies To Private Military R&D Investmen: Dod'S Ir&D Policy," Papers fb-_88-01, Columbia - Graduate School of Business.
    • Handle: RePEc:fth:colubu:fb-_88-01
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    Cited by:

    1. William P. Rogerson, 1993. "Economic Incentives and the Defense Procurement Process," Discussion Papers 1078, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    2. Qiang Fu & Jingfeng Lu, 2010. "Contest Design And Optimal Endogenous Entry," Economic Inquiry, Western Economic Association International, vol. 48(1), pages 80-88, January.
    3. Thomas Karier, 1999. "Closing the R&D Gap," Macroeconomics 9902002, University Library of Munich, Germany.
    4. Juan R. Perilla Jiménez & Thomas H. W. Ziesemer, 2024. "Technology adoption, innovation policy and catching-up," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-24, April.

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