America, Jump-Started: World War II R&D and the Takeoff of the US Innovation Systems

成果类型:
Article
署名作者:
Gross, Daniel P.; Sampat, Bhaven N.
署名单位:
Duke University; National Bureau of Economic Research; Arizona State University; Arizona State University-Tempe
刊物名称:
AMERICAN ECONOMIC REVIEW
ISSN/ISSBN:
0002-8282
DOI:
10.1257/aer.20221365
发表日期:
2023
页码:
3323-3356
关键词:
local economic-development increasing returns spillovers POLICY agglomeration
摘要:
During World War II, the US government's Office of Scientific Research and Development (OSRD) supported one of the largest public investments in applied R&D in US history. Using data on all OSRD-funded invention, we show this shock had a formative impact on the US innovation system, catalyzing technology clusters across the country, with accompanying increases in high-tech entrepreneurship and employment. These effects persist until at least the 1970s and appear to be driven by agglomerative forces and endogenous growth. In addition to creating technology clusters, wartime R&D permanently changed the trajectory of overall US innovation in the direction of OSRD-funded technologies. (JEL H56, N42, N72, 031, 033, 038, R11)