|
|
Article: Soundings
- Article from:
- Sea Technology
- Article date:
- January 1, 1998
- Author:
CopyrightCopyright Compass Publications, Inc. Jan 1998. Provided by ProQuest LLC. (Hide copyright information)
|
))) R&D Spending Exceeds Expectations. U.S. research and development expenditures in the period 19951997 grew faster than the U.S. economy as a whole, reflecting steep increases in industry spending, according to a new NSF Data Brief. Total 1997 R&D spending in the U.S. will reach $205.7 billion according to current projections reported in the brief. The projection represents a 6.5 percent increase over the $193.2 billion spent in 1996 (before adjustment for inflation). The 1996 figure is a 5.6 percent increase in R&D over 1995, which was 8.6 percent higher than 1994. Adjusting for inflation, U.S. R&D increased by 3.8 percent in 1997, 3.2 percent in 1996 and 5.9 percent in ...