'Stim-Novation': Investing in Research to Spur Innovation and Boost Jobs

5 Pages Posted: 29 Jan 2009

See all articles by Daniel Castro

Daniel Castro

Information Technology and Innovation Foundation

Robert D. Atkinson

Information Technology and Innovation Foundation

Date Written: January 27, 2009

Abstract

The ideal fiscal stimulus measure not only creates jobs and drives economic activity in the short run but also boosts quality of life and economic growth in the medium and long run. Support for scientific research in the stimulus package accomplishes both goals. In this report, ITIF finds that spurring an additional $20 billion investment in our national research infrastructure will create or retain approximately 402,000 American jobs for one year.

Keywords: economics, science, research, infrastructure, policy, growth, stimulus, employment

JEL Classification: A00, A10, J18

Suggested Citation

Castro, Daniel and Atkinson, Robert D., 'Stim-Novation': Investing in Research to Spur Innovation and Boost Jobs (January 27, 2009). Available at SSRN: https://ssrn.com/abstract=1334686 or http://dx.doi.org/10.2139/ssrn.1334686

Daniel Castro (Contact Author)

Information Technology and Innovation Foundation ( email )

1101 K Street NW
Suite 610
Washington, DC 20005
United States

Robert D. Atkinson

Information Technology and Innovation Foundation ( email )

1101 K Street N.W.
Suite 610
Washington, DC 20005
United States

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