The Role of Innovation and Entrepreneurship in Economic Growth by Aaron Chatterj

The Nile on eBay   The Role of Innovation and Entrepreneurship in Economic Growth by Aaron Chatterji, Michael J. Andrews, Josh Lerner, Scott Stern

This volume presents studies from experts in twelve industries, providing insights into the future role of innovation and entrepreneurship in driving economic growth across sectors.We live in an era in which innovation and entrepreneurship seem ubiquitous, particularly in regions like Silicon Valley, Boston, and the Research Triangle Park. But many metrics of economic growth, such as productivity growth and business dynamism, have been at best modest in recent years. The resolution of this apparent paradox is dramatic heterogeneity across sectors, with some industries seeing robust innovation and entrepreneurship and others seeing stagnation. By construction, the impact of innovation and entrepreneurship on overall economic performance is the cumulative impact of their effects on individual sectors. Understanding the potential for growth in the aggregate economy depends, therefore, on understanding the sector-by-sector potential for growth. This insight motivates the twelve studies of different sectors that are presented in this volume. Each study identifies specific productivity improvements enabled by innovation and entrepreneurship, for example as a result of new production technologies, increased competition, or new organizational forms. These twelve studies, along with three synthetic chapters, provide new insights on the sectoral patterns and concentration of the contributions of innovation and entrepreneurship to economic growth. 

FORMATHardcover LANGUAGEEnglish CONDITIONBrand New Author Biography

Michael J. Andrews is assistant professor of economics at the University of Maryland, Baltimore County. Aaron K. Chatterji is the Mark Burgess and Lisa Benson-Burgess Distinguished Professor at Duke University's Fuqua School of Business, professor at the Sanford School of Public Policy, and a research associate of the National Bureau of Economic Research. Josh Lerner is chair of the Entrepreneurial Management Unit and the Jacob H. Schiff Professor of Investment Banking at Harvard Business School. He is a research associate and codirector of the Productivity, Innovation, and Entrepreneurship Program at the National Bureau of Economic Research. Scott Stern is the David Sarnoff Professor of Management and chair of the Technological Innovation, Entrepreneurship, and Strategic Management Group at MIT Sloan School of Management. He is a research associate and director of the Innovation Policy Working Group at the National Bureau of Economic Research.

Table of Contents

AcknowledgmentsIntroduction: Beyond 140 CharactersMichael J. Andrews, Aaron K. Chatterji, and Scott SternI. Productivity Drivers1. The "Weighty" Manufacturing Sector: Transforming Raw Materials into Physical GoodsErica R. H. Fuchs, Christophe Combemale, Kate S. Whitefoot, and Britta Glennon2. Concentration and Agglomeration of IT Innovation and Entrepreneurship: Evidence from PatentingChris Forman and Avi Goldfarb3. Innovation, Growth, and Structural Change in American AgricultureJulian M. Alston and Philip G. PardeyComment: Brian Davern Wright4. Innovation and Entrepreneurship in the Energy SectorDavid Popp, Jacquelyn Pless, Ivan Haši, and Nick JohnstoneII. The On-Demand Economy5. What's Driving Entrepreneurship and Innovation in the Transportation Sector?Derrick Choe, Alexander Oettl, and Rob SeamansComment: Gilles Duranton6. The Recent Evolution of Physical Retail Markets: Online Retailing, Big Box Stores, and the Rise of RestaurantsFrancine Lafontaine and Jagadeesh SivadasanComment: Emek Basker7. The Servicification of the US Economy: The Role of Startups versus Incumbent FirmsMercedes Delgado, J. Daniel Kim, and Karen G. MillsComment: Sharat Ganapati8. Digitization and Its Consequences for Creative-Industry Product and Labor MarketsJoel WaldfogelComment: Gustavo MansoIII. The Cost Disease Sectors9. Innovation in the US GovernmentJoshua R. Bruce and John M. de FigueiredoComment: Manuel Trajtenberg10. Venture Capital–Led Entrepreneurship in Health CareAmitabh Chandra, Cirrus Foroughi, and Lauren Mostrom11. Innovation and Entrepreneurship in HousingEdward KungComment: Jessie Handbury12. Education and InnovationBarbara Biasi, David Deming, and Petra MoserComment: Eleanor Wiske DillonPanel Remarks: Creating "Smart" Policy to Promote Entrepreneurship and InnovationKaren G. Mills and Annie V. DangPanel Remarks: Measuring Business Innovation Using a Multidimensional ApproachLucia Foster13. Where Innovation Happens, and Where It Does NotBenjamin F. JonesContributorsAuthor IndexSubject Index

Review

"In a period when productivity growth and dynamism have slowed across the advanced economies and policy-makers and academics are left searching for answers, The Role of Innovation and Entrepreneurship in Economic Growth offersin-depth, accessible and policy-relevant lessons to a wide audience. Whether you are interested in policy, innovation and growth research, are a business trying to understand the trends in your market, or just someone starting to think aboutthe above-mentioned topics, then this book will offer an intriguing read." * National Bureau of Economic Research Review *

Details ISBN022681078X Pages 648 Language English Year 2022 ISBN-10 022681078X ISBN-13 9780226810782 Format Hardcover Imprint University of Chicago Press Country of Publication United States Illustrations 255 line drawings, 51 tables NZ Release Date 2022-03-17 US Release Date 2022-03-17 Publication Date 2022-03-17 UK Release Date 2022-03-17 Author Scott Stern Publisher The University of Chicago Press Series National Bureau of Economic Research Conference Report Edited by Scott Stern DEWEY 338.973 Audience Professional & Vocational AU Release Date 2022-03-16 We've got this

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