A recent literature review by a noted innovation economist summarizes some of the available evidence and finds that tax credits produce more private R&D along with strong social benefits, and patent boxes can help countries retain the intellectual property they produce.
May 2, 2019
April 29, 2019
Fact of the Week: Spanish Manufacturing Firms Increased Their Overall Employment by 10 Percent After Adopting Robots
While it may be tempting to focus on the direct job losses caused by robot adoption, it is wrong to conclude that automation constitutes a generalized threat to workers, either in manufacturing or in the broader economy. By choosing to automate, firms can increase their productivity, which allows them to expand and increase their employment.
April 29, 2019
It is surely in the interest of the United States to have a robust deployment of 5G sooner rather than later. But it is important we not overreact to the race with China or lose sight of America’s strengths.
April 25, 2019
There is a clear lesson for consumers: do not use piracy apps. Do not download them and do not purchase streaming device boxes with these apps preloaded. They are untrustworthy.
April 22, 2019
Debates over drug pricing often consider the impacts on health and innovation, but rarely examine the costs those drugs offset. According to new research examining drug releases for 67 diseases across 15 countries in the three decades from 1982 to 2015, these offsets are dramatic.
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
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 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.