Lerner, Joshua; Liu, Junxi; Moscona, Jacob; Yang, David Y. - National Bureau of Economic Research - 2024
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 …