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Innovation, Public Policy and Growth: What the Data Say

In: Macroeconomic Modelling of R&D and Innovation Policies

Author

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  • Ufuk Akcigit

    (University of Chicago, CEPR, and NBER)

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.

Suggested Citation

  • Ufuk Akcigit, 2022. "Innovation, Public Policy and Growth: What the Data Say," International Economic Association Series, in: Ufuk Akcigit & Cristiana Benedetti Fasil & Giammario Impullitti & Omar Licandro & Miguel Sanchez-Mar (ed.), Macroeconomic Modelling of R&D and Innovation Policies, chapter 0, pages 9-22, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-3-030-71457-4_2
    DOI: 10.1007/978-3-030-71457-4_2
    as

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