Innovation, Public Policy and Growth: What the Data Say

Ufuk Akcigit

Chapter Chapter 2 in Macroeconomic Modelling of R&D and Innovation Policies, 2022, pp 9-22 from Palgrave Macmillan

Abstract: Abstract Innovation and technological progress are the key determinants of long-run economic growth and welfare. Therefore, an important question is, how can public policy encourage more innovation? In this chapter, I review some of the empirical findings from various recent studies on innovation and firm dynamics that can shed light on the design of innovation policy. The discussion in the chapter is divided into three categories: (i) firm studies, (ii) inventor studies, and (iii) idea (patent) studies.

Keywords: Innovation; public policy; R&D; growth; patents; happiness; social mobility (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-3-030-71457-4_2

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DOI: 10.1007/978-3-030-71457-4_2

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