Federal R&D funding boosts productivity for the whole economy − making big cuts to such government spending unwise

Federal R&D funding boosts productivity for the whole economy − making big cuts to such government spending unwise

by Andrew Fieldhouse, Texas A&M University, [This article first appeared in The Conversation, republished with permission] Large cuts to government-funded research and development can endanger American innovation – and the vital productivity gains it supports. The Trump administration has already canceled at least US$1.8 billion in research grants previously awarded by the National Institutes of Health, which supports biomedical and health resea…