• Become an SSTI Member

    As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies.  Learn more about membership...

  • Subscribe to the SSTI Weekly Digest

    Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!

Economists Approve of More Spending on Education, R&D

April 04, 1997

Increasing spending on education and research and development (R&D) was cited as the best means for the federal government to increase the long-term economic growth rate of the country, according to a recent Wall Street Journal survey of academic economists.

This option was selected by more economists, 43 percent, than any of the other nine offered. The next closest option, "reduce government spending as share of GDP" was selected by 10 percent.

The Journal surveyed 1,500 economists randomly chosen from faculties of "100 leading U.S. economics departments and 10 major business schools." In all, 320 responded. The results appeared in the March 6 edition of the Journal.