The Economics of Science and Technology

1. Front Matter

   Pages i-xv

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2. Introduction

   • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

   Pages 1-6

3. An Historical Perspective

   • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

   Pages 7-19

4. Economic Growth and Technological Change

   • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

   Pages 21-25

5. Dimensions of R&D

   • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

   Pages 27-41

6. The Entrepreneurial Process

   • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

   Pages 43-45

7. Government’s Role in Innovation

   • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

   Pages 47-52

8. The Patent System

   • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

   Pages 53-57

9. Tax Incentives

   • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

   Pages 59-63

10. Research Collaborations

    • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

    Pages 65-73

11. Public/Private Partnerships

    • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

    Pages 75-81

12. Infrastructure Technology

    • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

    Pages 83-91

13. An Integrated Entrepreneurial Process

    • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

    Pages 93-95

14. Labor Market for R&D Scientists and Engineers

    • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

    Pages 97-101

15. Public Accountability

    • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

    Pages 103-111

16. Conclusions

    • Maryann P. Feldman, Albert N. Link, Donald S. Siegel

    Pages 113-115

17. Back Matter

    Pages 117-135

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Science and technology have long been regarded as important determinants of economic growth. Edwin Mansfield (1971, pp. 1- 2), a pioneer in the economics of technological change, noted: Technological change is an important, if not the most important, factor responsible for economic growth . . . without question, [it] is one of the most important determinants of the shape and evolution of the American economy. Science and technology are even more important in the "new economy," with its greater emphasis on the role of intellectual property and knowledge transfer. Therefore, it is unfortunate that most individuals rarely have the opportunity to explore the economic implications of science and technology. As a result, the antecedents and consequences of technological change are poorly understood by many in the general public. This lack of understanding is reflected in a recent survey conducted by the National Science Board (2000), summarized in Science & Engineering Indicators. ' As shown in Table 1. 1, the findings of the survey indicated that many Americans, despite a high level of interests in such matters, are not as well-informed about technological issues as they are about other policy issues. As shown in the table, individuals self assess, based on a scale from 1 to 100, their interest in science and technology policy issues as being relatively high, yet they self assess their knowledge or informedness about these issues relatively lower.

• Forschung & Entwicklung
• economic growth
• growth
• innovation
• science and technology
• technology policy

• Johns Hopkins University, USA

  Maryann P. Feldman

• University of North Carolina at Greensboro, USA

  Albert N. Link

• University of Nottingham, UK

  Donald S. Siegel

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