Research and development spending by colleges and universities in 2012 fell for the first time since 1974 when adjusted for inflation, the National Science Foundation said last week.
Expenditures on R&D rose slightly in current dollars, to $65.8 billion from $65.3 billion in 2011; federal, state and local spending actually declined, but institutions' own research spending rose slightly, as seen in the table below.
When adjusted for inflation, though, in 2005 dollars, all research expenditures declined, driven down by a steady drop in funds from the federal stimulus legislation of 2009. The figures are in millions.
|Fiscal year||All R&D Spending||Federal Govt.||State and Local Govt.||Institution Funds||Business||Other|
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