Sources of Revenue: Basic and Applied Research in the Social Sciences and Humanities for Scientific Research and Development Services, Establishments Subject to Federal Income Tax Employer Firms
REVBSSEF5417TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,693.00
Year-over-Year Change
66.23%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic indicator tracks revenue from basic and applied research in the social sciences and humanities by for-profit establishments subject to federal income tax. It provides insights into the funding and demand for academic research services.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Sources of Revenue: Basic and Applied Research in the Social Sciences and Humanities for Scientific Research and Development Services, Establishments Subject to Federal Income Tax Employer Firms indicator measures the total revenue generated by private-sector establishments conducting social science and humanities research and development activities. This data point is useful for understanding trends in the funding and commercial utilization of academic research.
Methodology
The data is collected through surveys of private establishments subject to federal income tax.
Historical Context
This indicator is relevant for analyzing the commercial and policy applications of social science and humanities research.
Key Facts
- Revenue from social sciences and humanities R&D totaled $11.6 billion in 2017.
- For-profit establishments account for over 50% of total revenue from this type of research.
- Revenue has increased by 15% since 2012.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue generated by private, for-profit establishments conducting basic and applied research in the social sciences and humanities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the commercial demand and funding for academic research in the social sciences and humanities, which is relevant for understanding the relationship between academic work and the private sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private establishments subject to federal income tax.
Q: How is this trend used in economic policy?
A: This indicator can inform policy discussions around the funding and commercialization of academic research, particularly in the social sciences and humanities.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately 1 year.
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Citation
U.S. Federal Reserve, Sources of Revenue: Basic and Applied Research in the Social Sciences and Humanities for Scientific Research and Development Services, Establishments Subject to Federal Income Tax Employer Firms (REVBSSEF5417TAXABL), retrieved from FRED.