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July 22, 2024

Fact of the Week: Increased Firm Concentration in South Korea’s Manufacturing Sector Contributed to a 12-fold Increase in GDP From 1972 to 2011

In a working paper published by the National Bureau of Economic Research, Jaedo Choi, et al., investigated the effect of “superstar” firms in South Korea during the so-called “miracle growth period.”

July 22, 2024

The Case for Cracking Down on Large Corporations and Promoting Small Businesses Is Deeply Flawed

A Democratic staff report from the House Small Business Committee claims that small businesses are better for the economy and large firms are harming it. But most of the report’s assertions stem from flawed research, and its policy recommendations would be detrimental.

July 19, 2024

The US-China Tech Conflict Fractures Global Technical Standards: The Case of Semiconductors and the RISC-V Standard

U.S. policymakers are targeting RISC-V, an open-source semiconductor architecture, over concerns about China's influence. Restricting U.S. firms from participating could undermine domestic innovation and competitiveness while benefiting China.

July 18, 2024

The Digital Services Tax Will Not be Good for Canada

Canada should drop its Digital Services Tax, which will harm Canadian businesses, startups, and consumers and surely lead to a retaliatory response by the U.S. government.

July 15, 2024

Policymakers Should Focus on Turning AI Aspirations into Reality

The recent White House-sponsored conference on AI Aspirations earlier this month provided an optimistic vision for how AI could drive progress in various sectors. The breadth of the topics covered at the conference demonstrated the potential for the public sector to address important societal challenges using AI. With growing awareness of the potential benefits of AI, it is time for the federal government to create a national AI adoption strategy to accelerate its deployment.

July 15, 2024

Comments to the US Department of Justice Antitrust Division Regarding Promoting Competition in AI

The AI industry is highly dynamic and competitive, allowing new companies to rise to prominence and challenge established leaders. This ongoing process fosters strong competition at various levels of the AI stack, ensuring a healthy and innovative market.

July 15, 2024

Fact of the Week: Public Investments in Nondefense R&D Have Rates of Return Between 150 to 300 Percent

A working paper indicates that the rate of return on R&D is between 150 to 300 percent, implying that there has been historical underinvestment in R&D for nondefense use.

July 15, 2024

What Does the UK Public Think About AI?

A nationally representative survey of more than 2,000 adults in the UK, conducted by Public First in partnership with the Center for Data Innovation to track how public attitudes and perceptions of artificial intelligence.

July 15, 2024

Exploring Maine’s State Broadband Initiative, With Brian Allenby

Access America Series, Episode 4: Jess talks to Brian Allenby, program operations and communications director for the Maine Connectivity Authority (MCA), about the state’s progress on BEAD and the challenge of serving rugged and remote communities.

July 15, 2024

Challenges in Assessing Canadian Competition

The Competition Bureau of Canada’s 2023 report assessing the state of competition in Canada has several methodological and interpretation issues that raise doubts about the conclusion's accuracy. As such, policymakers should not use the report as the foundation of competition policymaking or to justify a more aggressive antitrust regime.

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