'Stim-Novation': Investing in Research to Spur Innovation and Boost Jobs
5 Pages Posted: 29 Jan 2009
Date Written: January 27, 2009
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: Suggested Citation