externalities but also by innovation market failures. This paper maps the economics literature on innovation market failures and …

Investments in the US Science, Technology, Engineering, Medicine and Innovation (STEMI) enterprise come from many … innovative than government or business funding alone would yield. It also enables significant innovation in the development of …

This paper examines the regulation of technological innovation direction under uncertainty about potential harms. We …

Motivated by the establishment of major U.S. Federal programs seeking to harness the potential of regional innovation … ecosystems, we assess the promise and challenges of place-based innovation policy interventions. Relative to traditional research … grants, place-based innovation policy interventions are not directed toward a specific research project but rather aim to …

innovation in firms. However, inventions from universities and public research institutes substitute for corporate inventions and …

Venture capital plays an important role in funding and shaping innovation outcomes, characterized by investors' deep … and innovation community. China, in its pursuit of global leadership in AI innovation and technology, has set up …-led venture capital funds combine features of private venture capital with traditional government innovation policies. In this …

-post productivity growth throughout our data window, 2007 to 2018. Neither subsidies given out under the name of R&D and innovation …