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Major economies are rearming, and rearmament is itself industrial policy. I ask whether defense promotion?especially innovation policy?can drive industrial development beyond the defense sector. I synthesize evidence on ...Read more...
Nathan Lane
12 August 2026
For governments procuring innovation, one choice is whether to specify desired products (a "Conventional" approach) or allow firms to suggest ideas (an "Open" approach). Using a U.S. Air Force R&D grant program, where Op...Read more...
Sabrina T. Howell, Jason Rathje, John Van Reenen and Jun Wong
13 April 2021
Abstract We examine the impact of government funding for R&D - and defense-related R&D in particular - on privately conducted R&D, and its ultimate effect on productivity growth. We estimate longitudinal models that rel...Read more...
Enrico Moretti, Claudia Steinwender and John Van Reenen
14 November 2019