innovation. The features of these systems take shape as interests at different points in the production chain seek advantage in … technological knowledge and thus fosters a highly productive decentralized ecology of inventors and firms …

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 …

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 … growth, we explore three alternative policies to encourage innovation through education: expanding access to basic skills …

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 … illustrate an incentive for countries to free-ride on fundamental technologies: an economy more reliant on foreign knowledge …

-dimensional connections between globalization and innovation. We develop a model that features many of those mechanisms that connect trade and … innovation. It features the joint selection of firms into innovation and international market participation (in our model, we … for innovation …

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 …

two strategies toward that end: imitation and innovation. The theory bears predictions about the evolution of the …

We show a causal impact of immigration on innovation and dynamism in US counties. To identify the causal impact of … recent decades. We show four main results. First, immigration has a positive impact on innovation, measured by the patenting … impact of immigration on innovation percolates over space, but spatial spillovers quickly die out with distance. Fourth, the …

Innovation policy involves trading off monopoly output and pricing in the short run in exchange for incentives for …