Academic R&D per $1,000 of Gross Domestic Product (Dollars)
This indicator represents the ratio of R&D expenditures at a state's colleges and universities to the size of the state's economy. Academic R&D performers account for slightly more than half of basic research, about one-third of total research (basic plus applied), and roughly 15% of all R&D conducted in the United States. Academic R&D can be a valuable basis for future economic development, and many R&D-intensive institutions of higher learning view regional economic development as an integral part of their mission.
Data on academic R&D are provided by the National Center for Science and Engineering Statistics Higher Education Research and Development Survey and represent R&D at U.S. colleges and universities with over $150,000 in R&D expenditures.
Data sources: National Science Foundation, National Center for Science and Engineering Statistics, Academic Research and Development Expenditures; U.S. Bureau of Economic Analysis, Gross Domestic Product data; Government of Puerto Rico, Office of the Governor, Gross Domestic Product data.