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 …

various dimensions of upgrading --- learning, quality upgrading, technology adoption, and product innovation. The second part …

GDP growth, and we find highly significant differences between LICs where the central bank targets monetary aggregates or … growth of 10 CFA countries relative to 18 similar countries outside the CFA zone. Consequently, the hypothesis of monetary …

This paper is motivated by a set of cross-country observations on growth, structural transformation, and investment …

Because positive spillovers give investment in innovation a social rate of return several times higher than its … internal rate of return to innovators, innovation is chronically underfunded. Recurrent manias, panics and crashes in stock … innovation, competition at the economy-level may favor institutions and behavioral norms conducive to innovation-related bubbles …

growth, we explore three alternative policies to encourage innovation through education: expanding access to basic skills …This chapter summarizes existing evidence on the link between education and innovation and presents open questions for … future research. After a brief review of theoretical frameworks on the link between education, innovation, and economic …

We study the global innovation and diffusion of ideas by introducing trade into the model in Eaton and Kortum (1999 … intensity of innovation within countries over time and diffusion rates across countries. We find significant specialization … across the globe: some countries have high innovation rates, while other countries rely on diffusion. Although innovation is …