Research and Productivity Growth and Economic Growth

这一持续获奖的目的是进一步调查研发与经济增长之间的关系。早些时候，公司层面的研发工作发现，私人研发的回报率很高，特别是其私人融资和基础研究组件。这项早期的工作是由首席研究员和其他研究美国、法国和日本的数据的人进行的。该项目将开展的研究将扩展国际比较分析，以纳入以色列和挪威的工业研发平行数据集。将对研发在企业层面和更具聚合性的行业层面的影响进行比较，以努力衡量研发的私人回报和社会回报之间的差异。该项目的主要产出将是一本暂定为“研发与经济增长”的卷。除了总结以前关于这一主题的工作外，它还将审查估算研发回报率所涉及的方法，调查其他研究人员在相同和相关主题上的工作，整合结果，并评估分析得出的政策结论。

The purpose of this continuing award is to further investigate the relationship between research and development and economic growth. Earlier work on R&D at the level of the firm found a high private of rate of return to R&D, especially to its privately financed and basic research components. This earlier work was undertaken by the principal investigator and others looking at data for the U.S., France, and Japan. The research to be undertaken in this project will extend the international comparative analysis to incorporate parallel data sets on industrial R&D for Israel and Norway. A comparison of the impact of R&D at the level of the firm and at the more aggregated industry level will be undertaken in an effort to measure the discrepancy between the private and social returns to R&D. The main output of the project will be a volume tentatively entitled " R&D and Economic Growth". Besides summarizing the previous work on this topic, it will review the methodology involved in estimating rates of return from R&D, survey the work of other researchers on the same and related topics, integrate the results, and evaluate policy conclusions that emerge from the analysis.