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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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Professors Geoffrey Parker, Dartmouth College, and Marshall Van Alstyne, Boston University, share insights into why some platform-based businesses have been able to pivot and thrive amidst the COVID-19 restrictions while others flounder.
Economists Susan Athey, Stanford, and Daron Acemoglu, MIT, will be testifying at today’s House Budget Committee hearing on artificial intelligence and the workforce.
This guest post emphasizes that while emerging technologies such as natural language processing and machine learning promise to make public sector services more efficient, they also pose ethical challenges in implementation.
In “The Allocation of Decision Authority to Human and Artificial Intelligence” economists Susan Athey, Kevin Bryan, and Joshua Gans share an analysis of how humans and artificial intelligence could work effectively together in the decision-making process.
Stanford economist Nicholas Bloom has studied working-from-home (WFH) and its impact on employees, firms, and societies for many years. In this article, he presents new results from a US survey on WFH during the coronavirus pandemic.
MIT economics professor Daron Acemoglu discusses the policies in place that support companies’ choices to increase automation, and he outlines a course of action for policy reforms and technology development that could benefit workers of all skills and backgrounds.
Mary L. Gray, faculty associate at Harvard University’s Berkman Klein Center for Internet and Society and a Senior Researcher at Microsoft Research, calls out the tech sector for exacerbating “the systemic racism and health disparities that have given the pandemic its grotesque shape in our country — because they ignore them.”
Harvard Business School professor William Kerr shares insights from recent research on business leaders’ views about high-skilled immigration.
University of Washington law professor Ryan Calo and his colleagues Ashkan Soltani (independent privacy researcher and technologist), and Carl Bergstrom (University of Washington biology professor) delved into the feasibility of whether contact-tracing apps can be effective and safeguard individuals’ privacy.
Jonathan Levin, Dean of the Stanford Graduate School of Business, talks about his work on a life-saving economic mechanism to promote vaccines, and the challenges of preparing leaders for the fast-changing future.
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Fact Sheets

High Skilled Immigration Reform

The United States immigration policy is the set of laws and provisions that regulates the entry and the stay of non-US citizens on national territory. High-skilled, college-educated immigrants contribute to scientific and technological innovation, entrepreneurship, and job-creation in the U.S.

Quote

How Software Is Stifling Competition and Slowing Innovation

“There is an advantage to software that economists haven’t really reckoned with yet. Software isn’t accelerating creative destruction today. Software is suppressing it.” — James Bessen, Executive Director of the Technology & Policy Research, Boston University

James Bessen
The New York Times
July 21, 2022

Featured Article

GDP-B: Accounting for the Value of New and Free Goods

Current methods fail to capture the value of new and free goods to national productivity. A new framework, GDP-B, better measures the benefits of these goods.

By: Erik Brynjolfsson, Avinash Collis, Felix Eggers, Kevin J. Fox, W. Erwin Diewert