We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar …

exchanging ideas, solving work-related problems, generating new knowledge …

STEM PhDs /Ina Ganguli and Patrick Gaulé --II. Immigration policy and innovation.High-skill immigration, innovation, and … and Chungeun Yoon --III. Immigration and entrepreneurship.Immigrant entrepreneurs and innovation in the U.S. high … the links between immigration policy in determining who can come into the country and the rate of innovation among …

Global innovation and entrepreneurship has traditionally been dominated by a handful of high-income countries …, especially the US. This paper investigates the international consequences of the rise of a new hub for innovation, focusing on …-ranging positive consequences, including a rise in serial entrepreneurship, cross-sector spillovers, innovation, and broader measures …

We perform an econometric investigation of the contribution of pharmaceutical innovation to mortality reduction and … pharmaceutical innovation, there would have been no increase and perhaps even a small decrease in mean age at death, and that new … drugs have increased life expectancy, and lifetime income, by about 0.75-1.0% per annum. The drug innovation measures are …

We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries … characteristics and innovation activities. We find uniformly higher rates of innovation in immigrant-owned firms for 15 of 16 … different innovation measures; the only exception is for copyright/trademark. The immigrant advantage holds for older firms as …