Chapter 8
Economic and Social Significance of Scientific and Engineering Research

Contents

Highlights

Introduction

Economic Studies of Productivity Growth

• Rates of Return

Industrial Innovations Arising from Academic Research

Contribution of Scientific Knowledge to Productivity Growth

Quality Improvement, Cost Reduction, and New Goods and Services

Average Versus Marginal Effect, and Other Considerations

• Illustration of the Difference Between Average and Marginal Effects of Research

Potential for Additional Research on Social and Educational Indicators

• Science Education and Public Understanding of Scientific and Technological Issues

Conclusion

References

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