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RT @ASmithUCD: @KnittelMIT Spillovers from innovation can be huge, which justifies substantial public investment in research, development a…
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@KnittelMIT Spillovers from innovation can be huge, which justifies substantial public investment in research, development and deployment. We've seen it in ag (link), and I think we're seeing it in solar and batteries. https://t.co/IZ2GFivChk
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One problem with R&D is the long lags. Thorough analysis for the United States shows lags of several decades... also known as "way beyond the next election". https://t.co/gA4NaGOE3b