Lerner, Joshua; Liu, Junxi; Moscona, Jacob; Yang, David Y. - National Bureau of Economic Research - 2024
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 … the dramatic growth of high-potential entrepreneurship and venture capital in China. First, using comprehensive data on …