Global innovation and entrepreneurship has traditionally been dominated by a handful of high-income countries …, especially the US. This paper investigates the international consequences of the rise of a new hub for innovation, focusing on … the dramatic growth of high-potential entrepreneurship and venture capital in China. First, using comprehensive data on …

Innovation depends on exporting and, in particular, on scale and competition in export markets. We develop a theory … featuring (1) quality-segmented markets, (2) step-by-step innovation that moves firms forward along the quality ladder, and (3 …) escape-the-competition motives for innovation. We derive four predictions about the impact on innovation of scale 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 …

Can frontier innovation be sustained under autocracy? We argue that innovation and autocracy can be mutually … stimulates further innovation in applications beyond those benefiting it directly. We test for such a mutually reinforcing … suppresses subsequent unrest. We then show that AI innovation benefits from autocrats' suppression of unrest: the contracted AI …

This study investigates how enhanced regulation can promote innovation, focusing on the impacts of a significant … recognized the improvement in drug innovation, as reflected in stock price adjustments post new drug registrations after the … latecomers could boost their innovation potential by adopting specific, effective regulatory practices from frontier countries …

This paper contributes to the literature on innovation policies and institutional theory on conditions for effective … yield broader implications for organization and innovation …

Do stronger intellectual property rights incentivize female participation in innovation? We provide new evidence on … innovation …

the Kuznets growth model of structural transformation in a dual economy, alongside population urbanization, has little … its time of rising inequality. More generally, our findings cast doubt on past arguments that economic growth through … reached after which that growth will be inequality decreasing …

argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very … China's growth path and the growth paths of other East Asia economies at a similar stage of development. The growth paths of … other East Asia economies and the model predictions suggest that China's growth will substantially slow, so much so that we …

illustrates how China's gradual policy reforms, amidst highly imperfect financial markets, have effectively helped spur GDP growth … throughout its macroeconomic evolution. We highlight the tradeoffs between accelerating GDP growth and safeguarding China's long …