ERIC Number: ED480295
Record Type: Non-Journal
Publication Date: 2003-Apr
Reference Count: N/A
Seeds of Prosperity: Public Investment in Science and Technology Research. A Study of the Economic Potential of Proposition 301 at Arizona State University and a New Model for Assessing Its Long-Term Value.
Melnick, Rob; Heffernon, Rick; Welch, Nancy
The approval of Proposition 301 by Arizona voters in November 2000 was a significant step toward a new foundation for the state's economic future by providing a long-term funding stream for science and technology investments. This new sales tax enabled the state to create an economic development strategy appropriate for the knowledge economy. This study evaluated the economic potential of Proposition 301 at Arizona State University and developed a model for assessing its long-term value. The new paradigm for assessment of long-term economic impact, called "CAT," will keep score on science and technology research through study of Connections between university researchers and businesses, Attention generated by university research, and Talent recruited, retained, and developed. The first-year Proposition 301-funded programs provided many illustrations of how CAT measures can be applied in the future to analyze the value of science and technology research, and some examples are described. In the future, Proposition 301 research activities are likely to converge in even larger, more interdisciplinary collaboration to draw together research teams from many fields. These teams will be essential for the next generation of science and technology innovation. (Contains 42 references.) (SLD)
Descriptors: Economic Factors, Higher Education, Investment, Prediction, Sciences, State Programs, Tax Allocation, Taxes, Technology
For full text: http://www.asu.edu/copp/morrison/Prop301.pdf.
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: Arizona State Univ., Tempe. Morrison Inst. for Public Policy.
Identifiers - Location: Arizona