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Innovation and Economic Growth

Researchers today are trying to understand how information technology affects innovation, productivity, and economic growth while studying the impact of political and legal ground rules. Academics featured here are looking at the potential to create jobs and keep policymakers aware of emerging trends in technology.

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TAP Blog

“Innovation and technological progress are the engines of economic growth. Hence the attraction of human capital and skills is central to continued economic success,” says Professor Giovanni Peri of UC Davis in “The Case for Immigration.”
The scholars presented on the TAP site are recognized as key voices in their fields. This post highlights select quotes from articles published within the last two weeks on innovation, economic growth, antitrust, patents, and privacy.
The best innovative ideas are ones that not only fuel productivity gains and economic growth, but that change people’s lives for the better. This TAP blog explores the intersection of innovation and technology.
The US economy collapsed in 2008 and 2009. Millions of people lost their jobs in the worst recession since the Great Depression of 1929-1932. The question is why has the recovery taken so long?
Earlier this fall members of the Toulouse Network for Information Technology (TNIT) met to share their latest research projects and papers. Daron Acemoglu, Professor of Economics at MIT, presented a model that shows growth comes through innovation and reallocation. A video interview is included.
Nicholas Bloom, Associate Professor of Economics at Stanford University, discussed his recent research on how information technology is transforming the workplace with telecommuting. His paper, “Working from Home or Shirking from Home? A Chinese Field Experiment” asks if firms benefit from letting their employees telecommute.
Nicholas Economides, Professor of Economics at the Stern School of Business of New York University, has expertise in innovation and economic growth and competition policy & antitrust. He is frequently quoted in the media on these topics. This post provides a few recent excerpts from top news stories.
A very interesting group of essays on the future of law and economics by ten University of Chicago professors. Here’s my quick, rough and ready guide to the 10 essays — which comes with a recommendation to check them all out in their entirety of course — followed by a few comments and reactions at the end of this post.
With co-authors Richard A. Epstein and F. Scott Kieff, Professor Dan Spulber addresses concerns about the Federal Trade Commission’s (FTC) recent report, “The Evolving IP Marketplace.” In their article, “The FTC, IP, and SSOs: Government Hold-Up Replacing Private Coordination,” these TAP scholars outline the adverse effects implementation of the FTC proposal would have on the intellectual property marketplace.
Daron Acemoglu, Professor of Economics at MIT, discusses his thoughts on using innovation to increase the nation’s growth rate as a means to reign in the government deficit.
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Fact Sheets

Health Information Technology

“Health Information Technology” or Health IT encompasses a wide range of hardware and software products used by patients, doctors, pharmacies, hospitals, insurers or other participants in the healthcare ecosystem to process and store data and communications related to health care.

Quote

Should a Morning Staff Meeting Feel Like Homeroom?

“What’s the point of coming in if none of your co-workers are there? If you have to force employees to do something you think is in their benefit, it’s not in their benefit.” — Nicholas Bloom, Professor of Economics, Stanford ​University

Nicholas Bloom
The New York Times
April 22, 2022

Featured Article

Resilience: A New Tool in the Risk Governance Toolbox for Emerging Technologies

The risks of nanotechnology, biotechnology, artificial intelligence (AI), robotics, and neuroscience are hard to assess in advance, making these sectors hard to regulate. Regulators should adapt their rules on an ongoing basis, as the technology’s effects are understood.

By: Gary E. Marchant, Yvonne A. Stevens