#macroeconomic — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #macroeconomic, aggregated by home.social.
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Preliminary Estimates of #Macroeconomic Costs of Cutting Federal Funding for #Science
• Budget cuts to public R&D would significantly hurt #economy in the long run
• A 25% cut to public R&D spending would reduce #GDP by approximately 3.8%
in long run. This effect is comparable to the decline in GDP during the #GreatRecession
• Cutting annual public R&D spending in half would decrease GDP by approximately 7.6%, making the average #American approximately $10,000 poorer
https://aura.american.edu/articles/report/Preliminary_Estimates_of_the_Macroeconomic_Costs_of_Cutting_Federal_Funding_for_Scientific_Research/28746446?file=53480237