The Decline in Corporate Research: Should We Worry?
Friday, March 31, 2017
Duke University's "Duke in DC" Offices
Tuesday, June 6, 2017
Government data and research point to a long decline in US corporate investment in upstream research. How pervasive is this trend across industries, technologies, and firms of different sizes? How does it compare with research spending by the federal government, universities, and companies abroad? Does it reflect less reliance on research, whoever performs it? Is it explained by capital market pressures, global competition, or other factors? Has it contributed to the slowdown in productivity growth? Are there other reasons policymakers should be concerned? If so, what policy levers should they look to—e.g., intellectual property, tax, government R&D spending, or antitrust enforcement?
Speakers included Eduardo Porter, New York Times columnist; Katrine Bosley, Editas Medicine CEO; Bill Raduchel, former AOL CTO; Bill Janeway, Warburg Pincus partner; Eric Toder, Tax Policy Center director; Howard Shelanski, former director OMB’s Office of Information and Regulatory Affairs; and scholars from Duke, Harvard, Columbia, Carnegie Mellon, and Berkeley.
This program was sponsored by a grant from the Ewing Marion Kauffman Foundation.
Eduardo Porter, The New York Times
Ashish Arora and Sharon Belenzon,
Duke Fuqua School of Business
1. Historical perspective on corporate R&D
David Hounshell, Carnegie-Mellon University
2. Economic implications of research investments
Carol Corrado, The Conference Board
3. How research and innovation have changed
William Raduchel, Independent Director &
Georgetown McDonough School of Business
Bill Janeway, Warburg Pincus & Cambridge University
1. Globalization: Increased competition and increased
Pian Shu, Harvard Business School
James Turner, former Counsel, House Science Comm.
1. Increasing and rebalancing the public
Stephen Merrill, Duke Law School
2. Tax Policy
Eric Toder, Urban Institute Tax Policy Center
Howard Shelanski, Georgetown University Law Center
Michael Katz, UC Berkeley
4. Intellectual property
Arti Rai, Duke Law School