Influencing and Informing Economic Policy-Making
The examples below show how STEP reports have had a demonstrable impact on public policy discussions and outcomes.
- Improving Measurements and Reporting of Key Sources of Economic Growth: Copyright in the Digital Era: Building Evidence for Policy (2013) underscored the need to have the national economic accounts treat R&D and intellectual property as investments with payoffs over a period of time. In July 2013, the Commerce Department revised its GDP accounting along these lines, with the result that GDP is higher than previously reported and policymakers will have time series data for the contribution of these investments to growth. The STEP director led a congressional briefing on the subject 30 January 2014.
- Global Innovation in Comparative Perspective: Rising to the Challenge: US Innovation Policy for the Global Economy (2012) describes the goals, structure, operation, funding levels, and evaluation of foreign government programs supporting commercially oriented R&D in high technology sectors. It is based on workshops held in Taiwan, Japan, Belgium, India, Germany, and China, as well as the United States. It documents the rapid growth in capabilities in R&D as well as commercialization and manufacturing of new technologies around the world and calls for reinforcing support for U.S. leadership as well as greater engagement.