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 …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to … regularities regarding innovation and growth differences across the firm size distribution. We also incorporate patent citations …

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 …