The eighteenth annual volume of the National Bureau of Economic Research’s Innovation Policy and the Economy focuses on research that explores the interplay between new technologies and organiza
This volume highlights the interaction between public policy and innovation. The first chapter documents the dramatic globalization of R&D and how this development has affected the efforts of
Gompers and Lerner (both: business administration, Harvard) consider the role of venture capitalists in the American economy. Highlighting the risks involved and the cyclical nature of boom-and-bust p
