Suchergebnisse

This report focuses on basic research -- the experimental or theoretical work intended to advance science and engineering knowledge rather than develop a specific product or process. CED recommends policy reforms to ensure that tomorrow's basic research can be as productive and effective as possible. The recommendations address Congress' procedures for allocating funds for basic research, the central role of the research university and the individual scientific investigator, the critical importance of peer review, the need to sustain the pipeline of high-quality scientists and engineers for the long-term, and the implications of an increasingly global research enterprise.

"Chinese enterprises have relied on importing technology and imitation as their main technology strategies in the past. Based on analysis of cross-countries' case studies and the history of industrial innovation, the authors proposed the concept of industry-driven basic research and expounds the important role of scientific discovery in industrial technological innovation. They are convinced that both the government and enterprises should focus on industry-driven basic research in order to bridge the gap between the government's target and what enterprises actually do in China. The challenge remains to be seen if China can transform Science and technology investment into real industrial innovation capability."--

This paper considers the role of basic research and development (R&D) investment in vertical markets in which an incumbent owner of a basic technological input faces potential competition. We identify the conditions under which the socially optimal investment in basic research involves entry by new firms. Our main insight is that there is a role for public investment in R&D that appears to have been overlooked in the existing literature. This role draws on the idea that basic R&D adds to the credibility of the threat of the potential development of alternative technologies by reducing their implementation costs.

Dr. Marcson, of the faculties of Princeton and Rutgers Universities, raises several problems of research administration in the context of a recent Princeton conference.

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