R & D expenditures are inflation plus

Authors

  • Anonymous


Abstract

The national trend of total R & D spending in the 1970's and on through 1981 has improved greatly. For several years the increase in expenditures has beaten inflation by a few percent, and it will continue to do so well into the 1980's. Depending on how one calculates the figures, the real increase above inflation for the 1978-1981 period is somewhere between 2.5% and 11%. The origin of these increases is interesting; nonfederal (mostly industry) R & D support has increased at a much faster rate than federal. Right now, nonfederal sources of R & D funds, 90% of which come from industry, are larger than those of the federal government.;

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