Estimating the Economic Effects of Federally Funded R&D

Sheila Campbell, Jaeger Nelson, Eli A. Schrag, Heidi Williams () and Caleb K. Wroblewski

No 35472, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In recent years, there has been Congressional interest in changing various policies related to research and development (R&D). Recent legislation has included provisions that would modify federal funding for R&D investments and tax provisions affecting the after-tax price of R&D. The Congressional Budget Office (CBO) has developed analytical frameworks for estimating how changes in R&D investments affect the economy and the federal budget. This paper describes the agency’s current analytical framework for modeling the economic effects of changes in federal funding for R&D, focusing on two distinct approaches that CBO has developed: an R&D capital stock approach and an R&D components approach.

JEL-codes: E62 H54 O38 (search for similar items in EconPapers)
Date: 2026-07
Note: PR
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.nber.org/papers/w35472.pdf (application/pdf)
Access to the full text is generally limited to series subscribers, however if the top level domain of the client browser is in a developing country or transition economy free access is provided. More information about subscriptions and free access is available at http://www.nber.org/wwphelp.html. Free access is also available to older working papers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:35472

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w35472
The price is Paper copy available by mail.

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().