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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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Quotes

Leading In 2021: 5 Key Business Trends And 15 Companies To Watch

Nicholas Bloom, a remote work expert at Stanford, supports the hybrid approach, recommending that leaders let employees work from home one to three days a week once the pandemic ends. — Nicholas Bloom, Professor of Economics, Stanford University


Nicholas Bloom
Source: Forbes
December 21, 2020

Not even a pandemic can break rich cities’ grip on the U.S. economy

A more diffuse job market might reduce the political polarization between urban and suburban populations and more rural communities. — Nicholas Bloom, Professor of Economics, Stanford University


Nicholas Bloom
Source: The Washington Post
October 15, 2020

Do Algorithms Erode Our Ability to Think?

“If you want to know when social media companies are trying to manipulate you into disclosing information or engaging more, the answer is always.” — Woodrow Hartzog, Professor of Law and Computer Science, Northeastern University


Woodrow Hartzog
Source: Cosmos Magazine
October 12, 2020

Covid Won’t Bring Back the Mobile American

Most workers want a mix of in-person and work from home, and the evidence also suggests that such a mix is what optimizes productivity. — Nicholas Bloom, Professor of Economics, Stanford University


Nicholas Bloom
Source: Bloomberg
October 6, 2020

Small Tech Stocks Soar as the Future Arrives Early

“When it comes to remote work in particular, the past 10 weeks have seen more changes than we’ve seen in the previous 20 years. We haven’t seen anything like it since World War II” — Erik Brynjolfsson, Director, Digital Economy Lab at Stanford University


Erik Brynjolfsson
Source: The New York Times
September 17, 2020

The Future of the Office: Covid-19 Has Forced a Radical Shift in Working Habits

They found that those who worked from home were more productive (they processed more calls). One-third of the increase was due to having a quieter environment. The rest was due to people working more hours. Sick days for employees plummeted. — Nicholas Bloom, Professor of Economics, Stanford University
Nicholas Bloom
Source: The Economist
September 12, 2020

App-Based Contact Tracing Has Been a Bust. Apple Wants to Try Something New.

“I don’t know that adoption is going to be good enough nor even that adoption is the biggest hurdle. Absent a real sea change in the way that we address the disease, [native support] is not likely to overcome the problems.” — Ryan Calo, Professor of Law, University of Washington
M. Ryan Calo
Source: Slate
September 10, 2020

A Super-surveillance Society and Its Impact on Democracy

No country with too strong or too weak state power can generate economic growth. — Daron Acemoglu, Professor of Economics, MIT
Daron Acemoglu
Source: The Japan Times
September 6, 2020

Why the Future of Work Might Be ‘Hybrid’

Once the pandemic subsides, working from home two days a week will be optimal for balancing collaborative and quiet work, while benefitting from the reduced stress of less commuting. Companies that want to retain their own space consider moving from tall buildings to spread-out industrial parks or campuses to facilitate social distancing. — Nicholas Bloom, Professor of Economics, Stanford University
Nicholas Bloom
Source: BBC News
August 30, 2020

Working from Home Raises Questions About U.S. Inequality: Fed Panel

“Working from home really risks a big increase in inequality.” — Nicholas Bloom, Professor of Economics, Stanford University
Nicholas Bloom
Source: Reuters
August 20, 2020
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TAP Blog

Affective Polarization During the Coronavirus Pandemic

Stanford economist Matthew Gentzkow shares findings from recent research that explores how polarization has evolved during the coronavirus pandemic.

Matthew Gentzkow

Fact Sheets

Innovation

Innovation is a word used to describe new ideas and inventions that have impact – impact to consumers, to markets, to industries, to the economy as a whole, and even to society and culture.

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Featured Article

Platforms and Ecosystems: Enabling the Digital Economy

Digital platforms alter the structure of markets and create complex business ecosystems. Platforms challenge traditional methods of management and regulation.

By: Marshall Van Alstyne, Arun Sundararajan, Michael G. Jacobides