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 …

's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements …

the relation between spatial competition, craft guilds and innovation, and (ii) by showing the calibrated model correctly …

frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates …

If innovation is to be subsidized, a natural place to start is to increase the quantity and quality of human capital …. Innovation, after all, begins with people. Simply stimulating the "demand side" through R&D subsidies and tax breaks may only … can both directly increase innovation and reduce its cost. This paper examines the evidence on human capital policies for …

Innovation policy can be a crucial component of governments' responses to crises. Because speed is a paramount … objective, crisis innovation may also require different policy tools than innovation policy in non-crisis times, raising … distinct questions and tradeoffs. In this paper, we survey the U.S. policy response to two crises where innovation was crucial …

state of the literature on the economics of innovation and highlight open policy questions. We first articulate the key … market failures in markets for innovation, and then discuss how both scientific norms and market-oriented policies help … between innovation and inequality …

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 …

We study the optimal allocation of R&D resources in an endogenous growth model with an innovation network, through … more R&D toward key sectors that are upstream in the innovation network. Second, we extend to an open-economy setting and … spillovers has less incentive to direct resources toward innovation-upstream sectors, leading to cross-country differences in …