We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar …

exchanging ideas, solving work-related problems, generating new knowledge …

"Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations … a nuanced understanding of where innovation and entrepreneurship occur and where they matter. Answering these questions … allows for strategic public investment and the infrastructure for economic growth.The Role of Innovation and Entrepreneurship …

, ranging from self-employment to small and medium size enterprises to technology- and innovation-driven startups, recent … of new firm entry, but rather by a small subset of high-growth startups that are primarily categorized as innovation …-driven. This paper provides a survey of the growing literature on the economics of such innovation-driven entrepreneurship. We …

We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries … characteristics and innovation activities. We find uniformly higher rates of innovation in immigrant-owned firms for 15 of 16 … different innovation measures; the only exception is for copyright/trademark. The immigrant advantage holds for older firms as …

, despite sustained progress in scientific knowledge, recent productivity growth in the U.S. has been disappointing. We review … major changes in the American innovation ecosystem over the past century. The past three decades have been marked by a … growing division of labor between universities focusing on research and large corporations focusing on development. Knowledge …