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Chicago Fed Letter, No. 34, June 1990
The Midwest Looks to R&D for a Payoff

In the early 1960s, the federal government paid for more than 50% of industrial R&D. That share fell to 31% by 1980, before rising to 35% during the defense buildup of the 1980s.



Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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