Innovation Policy and the Economy, 2019: Volume 20

by Josh Lerner (Editor), Scott Stern (Editor)

Overview

The chapters in this twentieth volume of Innovation Policy and the Economy present research on the interactions among public policy, the innovation process, and the economy. One explores changes in the ability of the U.S. to attract talented foreign workers and the role of sponsoring institutions in shaping immigration policy. Another explains how the division of innovative labor between research universities and corporate labs affected productivity growth and the transformation of knowledge into new products and processes. A third reviews different innovation policies and their performance in the pharmaceutical sector. Next is a chapter on the effects of competition policy on innovation, “creative destruction,” and economic growth. A fifth chapter studies how experimental policy design can be a cost-effective way to attain program goals. The last chapter examines geographic disparities in innovation, joblessness, and technological dynamism and studies how reallocation of grants and geographically targeted entrepreneurship policy could affect labor supply and welfare.

Product Details

ISBN-13:	9780226707303
Publisher:	University of Chicago Press Journals
Publication date:	01/24/2020
Series:	National Bureau of Economic Research Innovation Policy and the Economy
Sold by:	Barnes & Noble
Format:	eBook
Pages:	256
File size:	10 MB

About the Author

Josh Lerner is chair of the Entrepreneurial Management Unit and the Jacob H. Schiff Professor of Investment Banking at Harvard Business School. He is a research associate and codirector of the Productivity, Innovation, and Entrepreneurship Program at the National Bureau of Economic Research.


Scott Stern is the David Sarnoff Professor of Management and chair of the Technological Innovation, Entrepreneurship, and Strategic Management Group at MIT Sloan School of Management. He is a research associate and director of the Innovation Policy Working Group at the National Bureau of Economic Research.

Table of Contents

Introduction
Josh Lerner and Scott Stern

The Gift of Global Talent: Innovation Policy and the Economy
William R. Kerr

The Changing Structure of American Innovation: Some Cautionary Remarks for Economic Growth
Ashish Arora, Sharon Belenzon, Andrea Patacconi, and Jungkyu Suh

The Alignment of Innovation Policy and Social Welfare: Evidence from Pharmaceuticals
Margaret K. Kyle

Antitrust and Innovation: Welcoming and Protecting Disruption
Giulio Federico, Fiona Scott Morton, and Carl Shapiro

Experimental Innovation Policy
Albert Bravo-Biosca

The Spatial Mismatch between Innovation and Joblessness
Edward L. Glaeser and Naomi Hausman