Last week, the Bureau of Economic Analysis updated a recent paper on the digital economy to include more precise data, and it expanded the observed period to cover the years 1997 through 2017. In doing so, it found that the digital economy grew 9.9 percent annually over this 20-year period—4.3 times faster than the overall economy—and represented 6.9 percent of U.S. GDP as of 2017.
April 15, 2019
Fact of the Week: The Digital Economy Grew 4.3 Times Faster than the U.S. Economy Overall from 1997 to 2017
April 11, 2019
As Congress slowly turns its attention to the innovation competitiveness challenge from China, policymakers would be well advised to look at an expansion of the R&D credit as a key tool.
April 10, 2019
Taking the bludgeon of anti-trust to tech companies will make cyber security worse, not better.
April 8, 2019
Fact of the Week: Increasing Applied Research Contracts With a Public Research Organization by 1 Percent Raised Firms' Sales by 18 Percent and Productivity by 12 Percent
The Fraunhofer Gesellschaft (FhG), a German nonprofit organization that conducts applied research, started about 6,500 projects per year with private firms between 1997 and 2014, and new research shows the firms reap substantial benefits from the collaboration.
April 8, 2019
Scott Gottlieb has stepped down as FDA Commissioner. Val Giddings evaluates his legacy for the Innovation Files.
April 5, 2019
Val Giddings examines the recent jury verdicts for plaintiffs claiming their cancers were caused by the world's most widely used weedkiller, glyphosate. Scientists and regulators around the world claim it's safe - why have these juries disagreed?
April 1, 2019
Fact of the Week: EU Initiative That Co-Finances Loans for Risky R&D Projects Induced 14 Times the Initiative's Investments Between 2007 and 2016
The European Union in 2007 established the Risk Sharing Finance Facility (RSFF) to improve access to debt financing for high-risk R&D projects by co-financing loans with private banks. A new study has analyzed the impact of the €18.2 billion that the RSFF invested from its inception through 2016.
March 25, 2019
Fact of the Week: Firms that Significantly Reduce Executive Stock Options Have 66 Percent Lower R&D Investment Two Years Later
Aligning executive incentives such as stock options with firms’ long-term growth objectives is crucial for promoting innovation. A new study examined the magnitude of this effect, focusing on a 2005 change in tax regulations that made providing stock options more expensive.
March 21, 2019
Over the years, there have been multiple congressional attempts to secure open Internet protections. Yet another bill, this one crafted by Democrats in both the House and the Senate, is known as the “Save the Internet Act of 2019.” On introduction, we at ITIF called this bill a non-starter because it returns broadband to a Title II classification.
March 18, 2019
Fact of the Week: Immigrant-Owned High-Tech Firms Outperform Native-Owned Firms Across 15 of 16 Measures of Innovation
Proponents of increased high-skilled immigration routinely cite research that measures the size and growth of firms created by immigrant entrepreneurs. A new study goes farther, examining the performance of immigrant-owned high-tech firms across 16 metrics of innovation, from the production of publishable findings to patent applications.