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Economy Relies On Innovation.pdf

08_innovation_greenstone_looney.pdf

🔗 Source: brookings.edu

📊 Size: 3.57 MB

📄 Pages: 26 pages

⬇️ Downloads: 162

Summary

The Hamilton Project's policy memo, "A Dozen Economic Facts About Innovation," discusses the importance of innovation in driving economic growth, raising wages, and improving living standards in the US. The memo highlights that while innovation has historically improved America's standard of living, the pace of innovation has slowed since the 1970s, leading to lower wage growth and uneven distribution of gains. The memo identifies three themes: innovation's historical benefits, the recent slowdown, and the need for policies to promote innovation. It also presents a dozen facts about innovation, including the decline of federal R&D investments, the low share of STEM degrees, and the importance of immigration policies to attract and retain talent. The memo concludes that effective government policies are necessary to promote innovation, economic growth, and broad participation in that growth.

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Description

The Hamilton Project's policy memo, "A Dozen Economic Facts About Innovation," discusses the importance of innovation in driving economic growth, raising...

Technical Information

File Format: PDF
File Size: 3.57 MB
Pages: 26
Language: EN
Total Downloads: 162
Last Updated: 1 week ago

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This PDF document about economy relies on innovation provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into economy relies on innovation.