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Episode 55: Government science funding

The Studies Show

CHAPTER

The Economic Impact of Government R&D Investment

This chapter explores how government investment in research and development can influence private sector growth and competition. It distinguishes between crowding out and crowding in effects, highlighting case studies of successful public investments that led to significant technological advancements. The discussion emphasizes the complexities of assessing returns on R&D funding and addresses the balance between immediate economic benefits and exploratory science.

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