Tag Archives: Innovation

Technological Innovation, Resource Allocation, and Growth

From Leonid Kogan, Dimitris Papanikolaou, Amit Seru, Noah Stoffman: We explore the role of technological innovation as a source of economic growth by constructing direct measures of innovation at the firm level. We combine patent data for US firms from 1926 … Continue reading

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Public R&D Investments and Private Sector Patenting: Evidence from NIH Funding Rules

From Pierre Azoulay, Joshua Graff-Zivin, Danielle Li, and Bhaven Sampat: This paper measures the impact of public R&D investments on innovation by private sector firms. We quantify the returns to grant spending at the National Institutes of Health (NIH) in … Continue reading

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Heterogeneous Technology Diffusion and Ricardian Trade Patterns

From William Kerr: This study tests the importance of Ricardian technology differences for international trade. The empirical analysis has three comparative advantages: including emerging and advanced economies, isolating panel variation regarding the link between productivity and exports, and exploiting heterogeneous … Continue reading

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Do Tax Credits Stimulate R&D Spending? The Effect of the R&D Tax Credit in its First Decade

From Nirupama Rao: This paper examines the impact of the R&D tax credit between 1981-1991 using confidential IRS data from corporate tax returns. The key advances on previous work are an instrumental variables strategy based on tax law changes that addresses … Continue reading

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MIT’s Heidi Williams Decodes Economics of Gene Sequencing

Here’s an interesting profile of Heidi Williams and her work on innovation in healthcare. HT: Marginal Revolution

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State Incentives for Innovation, Star Scientists and Jobs: Evidence from Biotech

From Enrico Moretti and Dan Wilson: We evaluate the effects of state-provided financial incentives for biotech companies, which are part of a growing trend of placed-based policies designed to spur innovation clusters. We estimate that the adoption of subsidies for biotech … Continue reading

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Innovation and Production in a Global Economy

From Costas Arkolakis, Natalia Ramondo, Andrés Rodríguez-Clare, and Stephen Yeaple: The process of globalization features increasing international specialization in innovation or production. To assess the welfare implications of this process, we develop a quantitative, multi-country general equilibrium model where firms can serve … Continue reading

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