Tag: economy

Article summary – Introduction by Lundvall to National Systems of Innovation

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Lundvall B-åke. Introduction. In: Lundvall B-Å, ed. National Systems of Innovation: Toward a Theory of Innovation and Interactive Learning. Anthem Press; 2010:1-20. doi:10.7135/UPO9781843318903.002 Definition of National Systems of Innovation (NSI): NSI involves elements and relationships that interact in the creation, diffusion, and use of new, economically useful knowledge within or rooted in a nation state. …

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Article summary – Wynn, Liu & Cohen “Quantifying the Economy‐wide Returns to Innovation for Australia”

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Wynn, Katherine, Mingji Liu, and Jasmine Cohen. “Quantifying the Economy‐wide Returns to Innovation for Australia.” Australian economic papers 61.3 (2022): 591–614. Web. R&D Expenditure in Australia: Australia's R&D expenditure as a share of GDP is lower than the OECD average and has been declining over the past decade. This is significant given that a quarter …

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Article summary – A Toolkit of policies to promote innovation by Bloom, Van Reenan and Williams

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Bloom, Nicholas, John Van Reenen, and Heidi Williams. 2019. "A Toolkit of Policies to Promote Innovation." Journal of Economic Perspectives, 33 (3): 163-84.DOI: 10.1257/jep.33.3.163 Overview Context: The US, since the 1970s, has seen a persistent slowdown in productivity growth, mirrored in other developed countries. This trend is accompanied by stagnant real wage growth and rising wage inequality. Purpose: The …

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Chapter summary – “Taxation and Innovation” in Innovation and Public Policy

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Akcigit, Ufuk, and Stefanie Stantcheva (eds), 'Taxation and Innovation: What Do We Know?', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0007, accessed 17 Dec. 2023. Importance of Innovation: Innovation is crucial for technological progress and economic growth. States in the U.S. with more innovations experienced faster growth between 1900 and 2000. Innovation also improves social …

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Chapter summary – “Tax Policy for Innovation” in Innovation and Public Policy

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Hall, Bronwyn H. (ed.), 'Tax Policy for Innovation', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0006, accessed 17 Dec. 2023. 1. Impact of Taxation on Innovation: Main Idea: Taxes affect how much companies and individuals innovate. Higher taxes can lead to less innovation. Study by Akcigit et al. (2018): This research found that in the …

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Chapter summary – “Innovation and Human Capital Policy” by Reenan in Innovation and Public Policy

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Reenen, John Van (ed.), 'Innovation and Human Capital Policy', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0003, accessed 8 Dec. 2023. Productivity Growth Slowdown: Since the 1970s, U.S. productivity growth has slowed, with GDP growth declining from 4% in the postwar years to under 2% since 2000. Real wage growth has also slowed, particularly for …

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