Abstract
Science and technology represent one of the most important sources of economic growth, together with the accumulation of capital and the formation of human capital. Their generation may even be considered a prerequisite for the application of other factors of growth, since science and technology affect not only the technological processes involved but also the possible objectives of production to be realised by factor input.
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References
R. C. O. Matthews, ‘Contribution of Science and Technology to Economic Development’, in The Role of Science and Technology in Economic Development, UNESCO Sc. 70, XIII. 18A (UNESCO 1970), p. 29. (Printed as Chapter 1 of this book.)
National Science Foundation, Federal Funds for Science, XI, Fiscal years 1961, 62, 63 (1964), p. 93.
S. Peter Burley and Oskar Morgenstern, ‘Insiders and Outsiders in Industrial Research’, in Zeitschrift für Staatswissenschaft, Vol. 125 (1969), p. 199.
O.E.C.D., Proposed Standards Practised for Research and Development.
Figures for 1964 have been 25·3 per cent, 39·7 per cent and 35·0 per cent respectively. For details see W. Klappacher, Lage der Forschung und Entwicklung in Österreich 1963–1964 (Wien).
See F. M. Scherer, ‘Government Research and Development Programs’, in Measuring Benefits of Government Investment, ed. R. Dorfman (Washington, D.C., 1965), pp. 34–7.
R. Dorfman, Measuring Benefits of Government Investment (Washington, D.C., 1965), pp. 4–6.
National Science Foundation, Federal Funds, p. 6.
Betriebliche Forschung in Österreich, Bundeskammer der gewerblichen Wirtschaft.
S. P. Burley and O. Morgenstern, Zeitschrift, pp. 193, 196.
E. Mansfield, ‘Industrial Research Expenditures: Determinants, Prospects and Relation to Firm Size and Inventive Output’, Journal of Political Economy, Vol. LXXII (1965), pp. 333–7.
See for instance D. Novick, ‘Das Programmbudget: Grundlage einer langfristigen Planung’, in Nutzen-Kosten-Analyse, ed. H. C. Rechtenwald (Tübingen, 1970), p. 155.
R. Dorfman, Measuring Benefits, p. 8.
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© 1973 International Economic Association
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Nussbaumer, A. (1973). Financing the Generation of New Science and Technology. In: Williams, B.R. (eds) Science and Technology in Economic Growth. International Economic Association Conference Volumes, Numbers 1–50. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01731-7_7
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DOI: https://doi.org/10.1007/978-1-349-01731-7_7
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