Regulatory agencies face an avalanche of innovative products, but they are more ready than they think to evaluate them, writes Val Giddings in Innovation Files.
March 10, 2017
March 9, 2017
Innovation and the property rights that secure it are key to meeting global health problems, write Stephen Ezell and Mark Schultz.
March 7, 2017
Fact of the Week: Increasing Imports of Intermediate Goods by One Percent Raised Manufacturing Productivity in Vietnam by 0.5 Percent
Trade improves productivity in manufacturing supply chains, as seen in recent empirical evidence from Vietnam, writes John Wu in Innovation Files.
March 2, 2017
Last week ITIF released a report that explores how the media has portrayed technology’s impact on society over the past 30 years and finds that the tone of coverage has turned notably more pessimistic over time, writes Daniel Castro in Innovation Files.
February 28, 2017
Fact of the Week: The 2,500 Companies That Together Account for 90 Percent of the World's Business R&D Are Hiring Workers Faster Than the Population Is Growing
Companies invest in innovation to be competitive and to ensure their long-term financial success, and in so doing they create jobs and spur productivity, writes John Wu in Innovation Files.
February 21, 2017
Fact of the Week: Other OECD Nations Invest Six Times More Than the U.S. on Active Labor Market Policies Such as Workforce Training and Skills Development
In 2014, other OECD countries invested 0.6 percent of their GDPs on active labor market policies, while the United States invested just 0.1 percent of its GDP. Moreover, the United States now invests less than half of what it did 30 years ago on such programs as a share of GDP, writes Stephen Ezell in Innovation Files.
February 17, 2017
It is important that broadband consumers have choice and control over how their data is used, but the overly restrictive defaults imposed by the recent FCC rules come at a real cost to the economy and do not align with an average consumer's best interest, writes Doug Brake in Innovation Files.
February 15, 2017
Fact of the Week: Automation Is Not the Culprit Behind Sluggish Employment Growth in the Years Following the Great Recession
After analyzing technological change over recessions and across OECD countries, economists find that it wasn't at fault for sluggish employment growth in the United States post-Great Recession, writes John Wu in Innovation Files.
February 6, 2017
Fact of the Week: Increasing R&D Tax Credit by 10 Percent Could Boost Labor Productivity Growth by 0.4 Percent Per Year
Although Congress made permanent the research and development tax credit in 2015, the federal government and states still can do more—a 10 percent increase in R&D tax credit generosity permanently increases labor productivity by 0.4 percent per year, writes John Wu in Innovation Files.
February 6, 2017
Fact of the Week: When a Country Increases Internet Subscriptions and Speeds by 1 Percent Each, Its Exports Increase by 0.8 Percent
When a country increases the number of people and businesses using the Internet and boosts speeds by one percent each, it exports 0.8 percent more goods, benefiting households and industries, writes John Wu in Innovation Files.