Cherry picked data. What the report actually said.. Evidence shows a strong link between research and development (R&D) and growth. Business-sector R&D has the most direct influence on growth, largely because it is often research with an immediate objective to improve
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productivity. OECD evidence shows that increases in business-sector R&D between the 1980s and 1990s boosted output per capita by over 1 per cent (Table 1). Public sector research understandably has a more complex relationship with growth as it is less focussed on commercial
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applications but is nevertheless often the generator of important basic knowledge and often works in tandem with commercial enterprise. Indeed, much of R&D policy now focuses on improving the link between the public and private sector research.
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https://www.oecd.org/eco/growth/2505752.pdf … Naturally public funded R&D is less likely to contribute to Economic growth as they are less focused on selling product in the moment. Also most ideas are given away after being publicly funded.
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Furthermore, do we count every dollar of economic growth on the internet to DARPA funding the protocol. If so, it’s not even an argument to be had
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We didn't need DARPA to figure out data could be pushed over telephone lines. Private sector funding has a measurable impact, while government has none. So to claim there's some immeasurable benefit seems to be entering the realm of religious dogma.
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If anything some of the "research" seems to be doing damage as can be seen with the obesity and health epidemic.
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It’s not immeasurable. It’s just not economic growth since the goal in the funding is not economic growth. It’s easy to say from our perspective now we didn’t need DARPA to fund that but hindsight is 20/20 & no one else beat them to it.
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"But tax-funded science does basic research that private science benefits from!" A study shows this is almost never true; the private sector does almost all the research that its inventions rest on.
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