11/09/10 (People Port) Quite a few firms landed Government grants last week. These firms are young, in the medical field. Their choice was as a tax credit or grant. The majority, grants. This Great Recession is a tough one, you need profits to use tax credits. R&D is not part of our GDP and some argue it should.
Back in 1999, had R&D would have increased GDP another 4.8 percent. The R&D largest share investors were all other for profit industries. Most would guess Big Pharma, computers, software, space, and the like, not everyone else. For an assortment of reasons, many firms cut back on R&D.
For a large percentage, R&D begins on the sales, production floor. As America goes back to work, firms have, are adding that extra machine, modernizing. These actions are showing up in the productivity reports
In 2007, Big Pharma did replace Other as the biggest R&D investor. They have they easiest time turning hope filled products into profit. The current accounting of research and development as outside our GDP is not a new argument, however, many suggest, this might be the time to bring it into out GDP
Article by
People Port
No comments:
Post a Comment