Many say the decline in new business formation over the past 30 years has been caused by increased monopoly. But there is no statistical relationship between start-up creation and change in concentration by industry; high-growth start-up activity is healthy.
March 26, 2020
ITIF held a webinar on March 26 exploring how competition authorities can better consider the productivity and competitiveness implications of antitrust policy, including in merger reviews.
February 14, 2020
ITIF supports the decision by DOJ and FTC to update their guidelines but believes they could be strengthened by a deeper discussion of several key points about the role vertical mergers play in competitive markets.
January 27, 2020
Economic espionage represents a significant threat to the technological advantage of innovative companies, especially in high-tech sectors, where trade secrets are often worth billions of dollars. According to the Justice Department, China is by far the largest source of economic espionage, much of which is government-backed.
October 7, 2019
Fact of the Week: U.S. E-Commerce in 2017 Yielded Revenues of $7.6 Trillion, With Goods Sales Increasing 7 Percent From 2016
U.S. economic data has lagged behind the explosion of the digital economy, preventing researchers from fully understanding the extent of e-commerce and its impact on the broader economy. The Census Bureau is working to remedy this, releasing the first quarterly e-commerce report in August and including services in the annual E-Stats report for the first time in September.
September 16, 2019
Fact of the Week: The Internet Increased the Global Economic Growth Rate by 0.7 Percentage Points Between 1995 and 2016
The rise of the Internet has allowed billions of people to access services that would not exist otherwise, while driving the growth of technologies that power them. A new study has attempted to quantify this effect, examining the rate of Internet usage across 76 countries between 1995 and 2016.
August 1, 2019
The United States is one of the most prosperous economies on earth because our elected officials and other leaders have embraced, or at least accepted, “creative destruction.”
July 15, 2019
Fact of the Week: Manufacturing Contributed 14 Percent of U.S. Economic Growth From 1987 to 2016, but it has Been Contracting Since 2007, Such That is now Reducing Growth by 1 Percent
Manufacturing’s smaller role in the U.S. economy is hotly debated, with many blaming automation for its demise. But analysis of a recently expanded BEA and BLS dataset demonstrates both how stark manufacturing’s decline has been and that fears of automation are largely misplaced.
June 17, 2019
Fact of the Week: The Share of International Students Studying in the Top 25 OECD Countries Dropped From 88 Percent in 1999 to 67 Percent in 2015
Student mobility has increased dramatically in recent years with 4.1 million students studying internationally in 2015, more than triple the 1.3 million international students in 1999. New research shows that these students are now far less concentrated in developed nations.
June 3, 2019
Fact of the Week: New Data Shows 30 Percent of the Value of U.S. Imports From Mexican Manufacturers Originates in the U.S.—67 Percent Higher than Previous Estimates
As trade has globalized, it has become increasingly rare for goods to be produced entirely by any single nation. An import to the U.S. is likely to contain value produced in several countries, including in the U.S. itself. This presents a significant challenge to measuring the actual value created by any one nation. But a detailed analysis of Mexican customs data has revealed that U.S. exports to Mexico are disproportionately likely to return to the U.S. rather than stay in Mexico or be sold elsewhere.
May 28, 2019
Fact of the Week: Danish Firms Increased Domestic Tech Employment by 40 Percent For Every 10 Percent of Production They Outsourced
Offshoring is widely maligned for reducing manufacturing employment in advanced economies. However, by lowering costs and utilizing global value chains, firms that outsource can afford to increase their investments and funding for higher-productivity jobs, making the overall economic implications less clear.