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Government Policy and the Productivity Predicament

Noll, Roger G. (1982) Government Policy and the Productivity Predicament. Social Science Working Paper, 433. California Institute of Technology , Pasadena, CA. (Unpublished)

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The poor performance of the American economy since 1970 has given rise to numerous proposals to increase the role of government in supporting the commercialization of new technologies through government demonstration programs and other policies designed to promote a specific new technical idea. This paper examines the political incentives acting upon government in supporting new technology, using several specific cases to illustrate the general principle that targeted demonstration projects are more likely to be the cause of declining productivity of American Industry than to be the cure.

Item Type:Report or Paper (Working Paper)
Additional Information:Presented at the Conference on America's Manufacturing Performance at the University of California, Los Angeles, March 30-31, 1982. I am indebted to Linda Cohen for most of the research and ideas in this section; see her paper, "The Clinch River Breeder Reactor: Background and Discussion," California Institute of Technology, May 1982.
Group:Social Science Working Papers
Series Name:Social Science Working Paper
Issue or Number:433
Record Number:CaltechAUTHORS:20171002-155719990
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:81975
Deposited By: Jacquelyn Bussone
Deposited On:04 Oct 2017 19:32
Last Modified:03 Oct 2019 18:49

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