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Concluyen.pdf

w27375.pdf

🔗 Source: nber.org

📊 Size: 2.34 MB

📄 Pages: 100 pages

⬇️ Downloads: 42

Summary

World War II R&D investments by the US government's Office of Scientific Research and Development (OSRD) had a formative impact on the US innovation system, catalyzing technology clusters, increasing high-tech entrepreneurship and employment, and permanently changing the trajectory of US innovation. The OSRD funded over 2,200 R&D contracts from 1940 to 1945, totaling over $9 billion in 2022 dollars, and led to technological advances in areas such as radar, electronics, and medicine. The effects of this investment persisted until at least the 1970s, driven by agglomerative forces and endogenous growth, and resulted in the creation of self-sustained technology clusters, growth in local industrial employment, and firm creation in related high-tech industries.

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Description

World War II R&D investments by the US government's Office of Scientific Research and Development (OSRD) had a formative impact on the US innovation system,...

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File Format: PDF
File Size: 2.34 MB
Pages: 100
Language: EN
Total Downloads: 42
Last Updated: 1 month ago

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