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We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War era Space Race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending. Our results demonstrate that public R&D...
Persistent link: https://www.econbiz.de/10014322858
We document that monetary policy has a substantial impact on innovation activities. After a tightening shock of 100 …-based aggregate innovation index, declines by up to 9 percent in the following 2 to 4 years. Based on previous estimates of the … sensitivity of output to innovation activities, these magnitudes imply that output could be 1 percent lower after another 5 years …
Persistent link: https://www.econbiz.de/10014372455
Operation Warp Speed (OWS) was a U.S. government-led program to accelerate the development, production, and administration of COVID-19 vaccines. The program cut the typical ten-year timeline needed to develop a new vaccine down to ten months and began vaccinating vulnerable populations within a...
Persistent link: https://www.econbiz.de/10015056157
We estimate spillovers from public funding for health research in the context of the NIH's Fogarty International Center's AIDS International Training and Research Program, which aims to strengthen scientific capacity in AIDS endemic countries by providing African researchers with training...
Persistent link: https://www.econbiz.de/10014322762
interest in economics - particularly the economics of innovation - business and management, and science and technology. It will …
Persistent link: https://www.econbiz.de/10011851934
We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative … risk, such as corruption, negatively impacts innovation by reducing R&D expenditure, human capital in R&D, number of … highlight the detrimental effects of expropriation risk on innovation and economic development at the country level …
Persistent link: https://www.econbiz.de/10014512142
Persistent link: https://www.econbiz.de/10013480798
We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and …
Persistent link: https://www.econbiz.de/10013462719
We investigate women's fertility, labor and marriage market responses to a health innovation that led to reductions in …
Persistent link: https://www.econbiz.de/10013361971
emissions and more green innovation. This comes at the cost of a fall in economic activity, which is borne unequally across …
Persistent link: https://www.econbiz.de/10014287322