$700 billion in U.S. GDP growth from 2010 to 2016 can be attributed to capital investments in IT, writes John Wu in Innovation Files.
Innovation Files Blog
November 27, 2017
November 20, 2017
Fact of the Week: Even in Recessions, EU Product Innovators Have Continued Increasing Employment by 8.5 Percent per Year
European product innovators—firms that release new goods and services into the market—increased their employment by 8.5 percent during recessions (versus 12 percent during booms), writes John Wu in Innovation Files.
November 16, 2017
Previously, there were few HPV tests well suited to developing countries, but a new product—Xpert HPV—changes this by offering an accurate, real-time, self-contained, and easy to use molecular testing mechanism that can be used at the point-of-care.
November 13, 2017
Fact of the Week: British Road Projects Have Raised Firm Productivity by up to 3 Percent for Every 10 Percent Reduction in Time Previously Wasted on Travel
A 10 percent reduction in travel times along British road networks increased the number of new firms and jobs surrounding these new networks by 3 to 4 percent, writes John Wu in Innovation Files.
November 10, 2017
Everyone agrees the current tax system needs reform—it’s too complex, contains too many distortions, and harms the nation’s competitiveness. Unfortunately, the effort now underway in Congress is not going very well. This is largely because the current drafts in the House and Senate are built on faulty assumptions about how taxes affect economic growth.
November 9, 2017
In the home stretch of the FCC’s third attempt at a net neutrality regime, federal preemption of state-level net neutrality laws has emerged as a key issue. The FCC should make clear that broadband policy is made at the national, not state, level.
November 6, 2017
Fact of the Week: Firms Located in Italian Science Parks Developed an Average of 5 More Patents Between 2004 and 2012 Than Firms Located Elsewhere
The average technology-based Italian businesses located in a science park cluster produced 5 additional patents when compared to a similar business not located in a science park, writes John Wu in Innovation Files.
November 6, 2017
Mobile providers are itching to build new infrastructure to support small cells, or tiny towers necessary for advanced communications networks. But some cities, like San Jose, aren’t exactly rolling out the red carpet.
October 30, 2017
Fact of the Week: After Japan Opened a High-Speed Railway Line Between Tokyo and Nagano, Patenting by Businesses Along the Line Increased 5 Percent
After Japan opened a high-speed railway line between Tokyo and Nagano in 1997, patenting by businesses along the line increased 5 percent, writes John Wu in Innovation Files.
October 26, 2017
To best harness the opportunities presented by IIoT, the United States (like all countries) needs a national policy strategy. An effective national IIoT strategy should address what ITIF calls the 4 Ts: Talent, Technology, Tax, and Trade.