Forthcoming in the American Economic Review

Brief

The forthcoming AER article by Andrew J. Fieldhouse and Karel Mertens constructs a narrative classification of all major postwar R&D appropriations shocks for five federal agencies and estimates the returns, finding that increases in nondefense R&D appropriations produce measurable benefits. Daniel P. Gross highlights the paper’s practical relevance as it appears in print.

Key details

The paper uses a narrative classification of all significant postwar changes in R&D appropriations across five major federal agencies and reports that increases in nondefense R&D appropriations generate measurable returns.

@daniel_p_gross calls it "important" and "perhaps the most pragmatically useful paper so far on the returns to US govt R&D," and notes it’s finally coming out in print.

Important paper, and perhaps the most pragmatically useful paper so far on the returns to US govt R&D. Great to see it finally coming out in print.

AEA Journals (@AEAjournals)

Forthcoming in the AER: "The Returns to Government R&D: Evidence from US Appropriations Shocks" by Andrew J. Fieldhouse and Karel Mertens. aeaweb.org/articles?id=10.12…

Link

The Returns to Government R&D: Evidence from US Appropriations Shocks

(Forthcoming Article) - Based on a narrative classification of all significant postwar changes in R&D appropriations for five major federal agencies, we find that an increase in nondefense R&D...
aeaweb.org

— https://nitter.net/AEAjournals/status/2084260086537507170#m

Brief

Why it matters

Key details