Heidi Williams, an economics professor at Dartmouth College and a visiting fellow at the Congressional Budget Office, discusses the crucial role of research and development (R&D) in driving productivity and economic growth.

In a recent conversation with Soumaya Keynes, she explores the dynamics between public and private funding for R&D, emphasizing how these sources interact and contribute to a nation's economic future.

Williams emphasizes the importance of quantifying the impact of innovation spending on productivity, suggesting that understanding this relationship is crucial for policymakers and stakeholders. The dialogue sheds light on the value of R&D investments and their implications for long-term economic strategies, underscoring the need for robust funding mechanisms to foster innovation.