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 – Bloom, Schnkerman and Van Reenan “Identifying technology spillovers and product market rivalry”
Bloom, Nicholas, Mark Schankerman, and John Van Reenen. “IDENTIFYING TECHNOLOGY SPILLOVERS AND PRODUCT MARKET RIVALRY.” Econometrica 81.4 (2013): 1347–1393. Web. R&D Spillovers: The research identifies two main types of spillover effects from Research and Development (R&D). The first is technology or knowledge spillovers, which can enhance the productivity of other firms in similar technological fields. Product Market …
Chapter summary – “Taxation and Innovation” in Innovation and Public Policy
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
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 …
Continue reading Chapter summary – “Tax Policy for Innovation” in Innovation and Public Policy
Chapter summary – “Innovation and Human Capital Policy” by Reenan in Innovation and Public Policy
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 …
RICHARD WILSON 