Non-defence R&D spending ‘boosts US productivity’

Dallas Fed researchers find causal link between public expenditure on civilian projects and GDP

US dollars and globe

There is a causal link between government investment in research and development (R&D) and productivity gains, claims research from the Federal Reserve Bank of Dallas.

In a recent blogpost for the Dallas Fed, Andrew Fieldhouse and Karel Mertens claim that increases in non-defence government-funded R&D “appear to spur sustained growth in long-term productivity”. 

They state that government-funded civilian R&D has accounted for around a quarter of all business sector productivity growth since World

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account