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PRODID:https://www.diw.de/de/diw_01.c.806339.de/veranstaltungen.html
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UID:diw_01.c.412054.de
LOCATION:Gustav-Schmoller-Raum,DIW Berlin im Quartier 110,3.3.002A,Anton-Wilhelm-Amo-Straße 58,10117 Berlin
SUMMARY:Reagan's Innovation Dividened? Technological Impacts of the 1980s US Defense Build-Up
DESCRIPTION:6.30 - 8.00 pm  // Abstract: US government spending since World War II has been  characterized by large investments in defense related goods, services and R&D. In turn, this means that the Department of Defense (DoD) has had a large role in funding corporate innovation in the US. This paper looks at the impact of military procurement spending on corporate innovation among publicly traded firms for the period 1966-2003. The study utilizes a major database of detailed, historical procurement  contracts for all Department of Defense (DoD) prime contracts since 1966. Product-level spending shifts - chiefly centered around the Reagan defense build-up of the  1980s - are used as a source of exogenous variation in firm-level procurement receipts. Estimates indicate that defense procurement has a positive absolute impact on patenting and R&D investment,  with an elasticity of approximately 0.07 across both measures of innovation. In terms of magnitudes, the contribution of defense procurement to innovation peaked during the early Reagan build-up, accounting for 11.4% of the total change in patenting intensity and 6.5% for R&D. This compares to a defense sector share in output of around 4%. The later defense cutbacks under Bush Senior and Clinton then curbed the growth in technological intensity by around 2%. 
DTSTART;VALUE=DATE:20121128
DTEND;VALUE=DATE:20121128
DTSTAMP:20121125T230000Z
URL:https://www.diw.de/de/diw_01.c.412054.de/veranstaltungen/reagan_s_innovation_dividened_technological_impacts_of_the_1980s_us_defense_build_up.html
ORGANIZER;CN=Ronny Freier:mailto:rfreier@diw.de
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