One of the simplest measures of innovation is the rate at which firms change the goods or services they offer in response to market demands or to take advantage of new technologies, but this phenomenon differs drastically by industry. From 2013 to 2015, 10.4 percent of all U.S. firms introduced new or significantly improved projects—but the figure was 24.3 percent for manufacturing firms versus 9.2 percent of nonmanufacturing firms.
January 14, 2019
Fact of the Week: Between 2013 and 2015, 10 Percent of U.S. Firms Introduced a New or Significantly Improved Product
January 7, 2019
Fact of the Week: Japanese Firms Increased Their Productivity in Robot Technology R&D After Cooperative Research with Government
In 1983, the Japanese government began a series of robot technology R&D projects, which partnered with Japanese firms. New analysis of 25 years of these projects, from 1993 to 2008, found that not only did these projects create valuable results, they also caused participating firms to be more efficient in their future research.
January 7, 2019
A brief recap of some of the biggest developments and surprises in agricultural biotechnology innovation in 2018.
December 20, 2018
While many medical interventions—from vaccines, anesthesia, antibiotics, and even eyeglasses—have initially seemed like playing god, interventions to manipulate directly the heritable genetic endowment fundamental not only to what makes us human, but to what makes each of us unique, had never been seen before.
December 19, 2018
The United States and likeminded countries should not repeat Australia’s mistakes and should instead embrace strong encryption—not try to cripple it.
December 18, 2018
If Europe wants to set its own course in the new global order, then the most important first step is to join with America to fight for free trade and an open Chinese market.
December 17, 2018
The National Bank of Belgium has found that the average marginal return on every dollar of IT investment is $1.38, or 38 percent, which is significantly more than previously estimated, and that differences in firms’ levels of IT investments explain 10 percent of the differences in their productivity.
December 14, 2018
The federal government invests approximately $121 billion per year funding research and development (R&D) in everything from agriculture to health, defense, energy, and a host of other areas.
December 13, 2018
The reduced tax generosity toward R&D will cost the U.S. economy, because R&D is an important component of national competitiveness and higher living standards.
December 10, 2018
Between 2006 and 2016, the U.S. economy grew at an anemic rate of 1.4 percent, due in large part to the 2007-09 recession. But new statistics from the Bureau of Economic Analysis highlight a bright spot, providing evidence that an outsized portion of overall growth has come from the digital economy, which grew at 5.2 percent annually.