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 …

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 …-ranging positive consequences, including a rise in serial entrepreneurship, cross-sector spillovers, innovation, and broader measures …

We perform an econometric investigation of the contribution of pharmaceutical innovation to mortality reduction and … pharmaceutical innovation, there would have been no increase and perhaps even a small decrease in mean age at death, and that new … drugs have increased life expectancy, and lifetime income, by about 0.75-1.0% per annum. The drug innovation measures are …

the allocation and impacts of innovation subsidies, using the data from the China Employer Employee Survey (CEES). We find … that the innovation subsidies are preferentially allocated to state owned firms and politically connected firms. Of these … also find that the firms that receive innovation subsidies file and receive more patents, are more likely to introduce new …

Governments are important financiers of private sector innovation. While these public funds can ease capital … for innovation programs strengthened the relationship between firms' historical innovative efficiency and subsequent … changes: subsidies became significantly positively associated with future innovation after the anti-corruption campaign and …

This paper exploits a tax reform on manufacturing firms in China to study the impact of taxes on firm innovation. The … innovation. Moreover, the reform has a bigger impact on firms that are financially constrained and firms that engage more in tax …

Data-intensive technologies, like AI, are increasingly widespread. We argue that the direction of innovation and growth … implications of government data access for the direction of innovation, growth, and welfare. We conclude with three applications … showing how data-intensive innovation may be shaped by the state: both directly, by setting industrial policy; and indirectly …