This paper describes flows of basic research through the U.S. economy and explores their implications for scientific … basic research flows than was previously available. Basic research flows are high within petrochemicals and drugs and within … limited to software and communications. In general, basic research flows are more concentrated within scientific fields than …

This paper describes flows of basic research through the U.S. economy and explores their implications for scientific … basic research flows than was previously available. Basic research flows are high within petrochemicals and drugs and within … limited to software and communications. In general, basic research flows are more concentrated within scientific fields than …

We develop a model to rationalize and examine so-called "research bubbles", i.e. research activities based on … overoptimistic beliefs about the impact of this research on the economy. Research bubbles occur when researchers selfselect into … research activities and the government aggregates the assessment of active researchers on the way advances in research may spur …

the basicness of research underlying an invention can be characterized by the nature of the previous patents cited by an … invention; that the basicness of research outcomes relates to the subsequent patents that cite an invention; and that the …, and find that many of the measures do conform to our a priori belief that university research and research outcomes are …

the basicness of research underlying an invention can be characterized by the nature of the previous patents cited by an … invention; that the basicness of research outcomes relates to the subsequent patents that cite an invention; and that the …, and find that many of the measures do conform to our a priori belief that university research and research outcomes are …

Basic research can be defined as systematic inquiry that involves a quest for some fundamental scientific aspects of … phenomena without any specific practical applications in mind. The payoff of basic research is often uncertain and once … published, difficult to appropriate. Accordingly, the social returns to basic research exceed the private returns, rendering it …