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 …

process innovation. There are strong reasons why an efficient economy ought to concentrate both job creation and destruction …. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …

The Plant Patent Act of 1930 was the first step towards creating property rights for biological innovation: it … varieties to examine whether the Act encouraged innovation. Nearly half of all plant patents between 1931 and 1970 were for … innovation: less than 20 percent of new roses were patented, European breeders continued to create most new roses, and there was …

quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …

We present evidence of a causal impact of research and development (R&D) tax incentives on innovation. We exploit a …

This paper studies how hedge fund activism reshapes corporate innovation. Firms targeted by hedge fund activists … experience an improvement in innovation efficiency during the five-year period following the intervention. Despite a tightening … in R&D expenditures, target firms experience increases in innovation output, measured by both patent counts and citations …

Does social distancing harm innovation? We estimate the effect of non-pharmaceutical interventions (NPIs)—policies that …