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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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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.
Professor Mary Gray, Senior Researcher at Microsoft Research, expresses reservations about the effectiveness and equity of a cell phone app aimed to put COVID-19 contact tracing in individuals’ hands.
Professor Erik Brynjolfsson, Director of the MIT Initiative on the Digital Economy, discusses the impact of rapid technological change and public policy with James Pethokoukis on AEI’s Political Economy podcast.
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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

What We Know Now About the Business Impact of Hybrid Work

“But the biggest challenge—and maybe the one unexpected bit—is how much employees have got comfortable with choice of days in the office and like to flip that around each week, for whatever reason, childcare reasons, work, personal reasons, etc. ” — Nicholas Bloom, Professor of Economics, Stanford University

Nicholas Bloom
Time
September 6, 2022

Featured Article

Breaking the Privacy Gridlock: A Broader Look at Remedies

Regulatory systems outside of privacy can serve as models for the enforcement of consumer privacy legislation. Regulatory oversight, self-regulation, and class action suits may be effective in enforcing privacy standards.

By: Chris Hoofnagle, Ira Rubinstein, James Dempsey, Katherine Strandburg