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Science, technology, and economic growth
Pages 1-3

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From page 1...
... The intellectual impetus that these studies provided contributed to an increased appreciation by policymakers of the economic significance of science and technology, and a more intensive investigation of its role in phenomena as diverse as: the slowdown of productivity advance in the West, the extreme variation in rates of growth across the world, and the increased costs of health care. In organizing the National Academy of Sciences colloquium on "Science, Technology, and the Economy," we sought to showcase the broad range of research programs now being conducted in the general area of the economics of technology, as well as to bring together a group of scholars who would benefit from dialogues with others whose subjects of specialization were somewhat different from their own.
From page 2...
... This, together with striking increases in patenting in patent classes that deal with combustion engines following the 1973 and 1979 gas price hikes, suggests a significant technological response, which allowed us to produce more fuel efficient cars at little extra cost. Since the founding of Sematech in 1987, there has been much interest in whether this consortium of United States semiconductor producers has been effective in achieving the goal of promoting the advances of United States semiconductor manufacturing technology.
From page 3...
... Zeckhauser discusses how government, in its role as enforcer and definer of property rights in intellectual capital as well as in its tax, trade, and antitrust policies, has a major impact on the magnitude of contracting difficulties and the way in which they are resolved. United States policies toward intellectual capital were developed for an era of predominantly physical products, and it is perhaps time for them to be reexamined and refashioned to meet current technological realities.


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