China’s patent output has grown dramatically in recent years, both in terms of the volume of patents submitted for international protection under the Patent Cooperation Treaty (PCT) and in terms of the number of citations those patents receive, a standard measure of a patent’s importance. New research breaking down the sources of those citations raises significant doubts about whether the growth in Chinese patent citations is as meaningful as it appears.
May 20, 2019
Fact of the Week: Chinese Patents Received 90 Percent as Many Citations as Other Countries From 2001 to 2009, but only 32 Percent as Many Foreign Citations
May 13, 2019
Fact of the Week: Young U.K. Firms That Adopt Cloud Computing Services Experience 13 Percent Higher Job Growth Than Comparable Firms Without Access to Cloud Services
By providing remote access to data storage, processing, and software, cloud computing lets firms easily scale their computing needs and avoid the large fixed costs of IT infrastructure, which allows small firms to operate and expand more efficiently. New research into cloud adoption by firms in the United Kingdom supports this reasoning.
May 6, 2019
Fact of the Week: Ethiopian Youth Given $300 Start-up Grants at Random had 36 Percent Higher Wages After one Year, but no Effect After Five Years
When attempting to evaluate the effect that a policy intervention can have on development or innovation, researchers and policymakers routinely look to short-term impacts, both out of urgency and because of the difficulty in maintaining contact with participants over several years.
May 2, 2019
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.
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.