BLS WORKING PAPERS
R&D and Productivity Growth: A Review of the Literature
Leo Sveikauskas
Abstract
3. The overall rate of return to R&D is very large, perhaps 25 percent as a private return and a total of 65 percent for social returns. However, these returns apply only to privately financed R&D in industry. Returns to many forms of publicly financed R&D are near zero.
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