9780243508167 - Substitution of Public for Private Research and Development Expenditures Classic Reprint by Guy Black (3 results)

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condition: New. Print on Demand. This book explores how government funding for industrial research and development has changed over time, and the effects of this change. The author examines survey data from 1952 and 1960 to analyze the relationship between government and industry funding. Using this data, the author finds that government investment has a priming effect in traditional industries, with private funding increasing as government funding increases. However, the author also finds that in industries where government funding is already high, government spending can lead to a decrease in private funding, with government funds substituting for rather than complementing private investments. In examining the different effects of government funding, the author introduces several factors that may explain these differences, including the size of the industry, the nature of the research and development being funded, and the government's procurement policies. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.