Economic Benefits (General)


Economic Benefits (Increased Productivity/Innovation)


  • Cockburn, Iain M., and Rebecca M. Henderson. 2000.  “Publicly Funded Science and the Productivity of the Pharmaceutical Industry,” in NBER Chapters Innovation Policy and the Economy, Vol. 1, 1-34.Annotation: A study of the impact of publicly funded research on the technological performance of the pharmaceutical industry. Article available on a paid basis: http://www.jstor.org/pss/25056140.
  • Lichtenberg, Frank R., and Donald Siegel. 1991.  The Impact of R&D Investment on Productivity – New Evidence Using Linked R&D-LRD Data. Economic Inquiry 29: 203-229.Annotation: This paper uses confidential Census longitudinal microdata to examine the association between R&D and productivity for the period 1972–1985. Article available on a paid basis: http://www3.interscience.wiley.com/journal/119991523/abstract?CRETRY=1&SRETRY=0 


Economic Benefits (Growth of New Industries)

  • Zucker, Lynne G., Michael Darby, and Marilynn Brewer. 1998. Intellectual Human Capital and the Birth of US Biotechnology Enterprises. American Economic Review 88: 290-306. Available on a paid basis: http://www.jstor.org/pss/116831


Economic Benefits (Job Creation)



Economic Benefits (Medical Cost Savings)



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