Innovations in the exploration of outer space
Henry R. Hertzfeld,
Benjamin Staats and
George Leaua
No 71, WIPO Economic Research Working Papers from World Intellectual Property Organization - Economics and Statistics Division
Abstract:
Human exploration of outer space has stimulated multiple innovations from both government and private sources. The decision to invest vast sums of money over a short period of time for the moon programs of the 1960s radically increased the level of innovation. Accomplishing this required new forms of energy for launch and space operations, reductions in the weight of components, and advanced computational capabilities, among many other technological improvements. The organization and management of bringing all of the components together was also essential. This report discusses economic aspects and overall benefits of those innovations as they fit into the prior and continuing push for advanced space capabilities.
Keywords: Space economics; NASA; government investment; technology transfer; spinoffs; batteries; composites; artificial intelligence (search for similar items in EconPapers)
JEL-codes: H44 H54 L98 (search for similar items in EconPapers)
Date: 2022-04
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Persistent link: https://EconPapers.repec.org/RePEc:wip:wpaper:71
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