Description
Book SynopsisUsing the latest empirical and conceptual research for readers in economics, business, and policy, this volume surveys the key components of innovation policy and the social returns to innovation investment. In advanced economies like the United States, innovation has long been recognized as a central force for increasing economic prosperity and human welfare. Today, the US government promotes innovation through various mechanisms, including tax credits for private-sector research, grant support for basic and applied research, and institutions like the Small Business Innovation Research Program of the National Science Foundation. Drawing on the latest empirical and conceptual research, Innovation and Public Policy surveys the key components of innovation policy and the social returns to innovation investment. It examines mechanisms that can advance the pace of invention and innovative activity, including expanding the research workforce through schooling and immigration policy and fund
Table of ContentsPreface
Introduction Austan Goolsbee and Benjamin F. Jones
1. A Calculation of the Social Returns to Innovation Benjamin F. Jones and Lawrence H. Summers
2. Innovation and Human Capital Policy John Van Reenen
3. Immigration Policy Levers for US Innovation and Start-Ups Sari Pekkala Kerr and William R. Kerr
4. Scientific Grant Funding Pierre Azoulay and Danielle Li
5. Tax Policy for Innovation Bronwyn H. Hall
6. Taxation and Innovation: What Do We Know? Ufuk Akcigit and Stefanie Stantcheva
7. Government Incentives for Entrepreneurship Josh Lerner
Contributors
Author Index
Subject Index
