International Science & Technology Practice & Policy (InSTePP) brings together a community of scholars at the University of Minnesota and elsewhere to engage in economic research on science and technology practice and policy, emphasizing the international implications. Center research deals with the innovation incentives and R&D actions of private entities as well as government behavior that affect the conduct, performance and economic consequences of R&D worldwide.
What We Do, and Why
Public and private decisions shaping science and technology increasingly involve international dimensions. Investments in research in one locale have spillover consequences in other locations and other areas of science. International agreements and policy initiatives and the actions of governments and (multinational) firms regarding trade, regulatory and intellectual property concerns are also impinging on and being affected by innovation processes. InSTePP undertakes economic research and fosters professional dialogue to inform and thereby influence strategic policy choices and actions dealing with science and technology. The center deals with both the public and private dimensions of science and technology, and their implications for the conduct, performance and economic consequences of R&D worldwide.
As part of the Department of Applied Economics and the University of Minnesota, InSTePP is well placed to study the international aspects of science and technology policy. The University is at the forefront in many areas of science and technology, making it an ideal location for the Center. In addition, InSTePP's economic emphasis complements other on-going science policy initiatives at the University of Minnesota.