My da|ra Login

Detailed view

metadata language: English

Replication data for: A Toolkit of Policies to Promote Innovation

Resource Type
  • Bloom, Nicholas
  • Van Reenen, John
  • Williams, Heidi
Publication Date
  • Abstract

    Economic theory suggests that market economies are likely to underprovide innovation because of the public good nature of knowledge. Empirical evidence from the United States and other advanced economies supports this idea. We summarize the pros and cons of different policy instruments for promoting innovation and provide a basic "toolkit" describing which policies are most effective according to our reading of the evidence. In the short run, R&D tax credits and direct public funding seem the most productive, but in the longer run, increasing the supply of human capital (for example, relaxing immigration rules or expanding university STEM admissions) is likely more effective.
  • Is supplement to
    DOI: 10.1257/jep.33.3.163 (Text)
  • Bloom, Nicholas, John Van Reenen, and Heidi Williams. “A Toolkit of Policies to Promote Innovation.” Journal of Economic Perspectives 33, no. 3 (August 2019): 163–84.
    • ID: 10.1257/jep.33.3.163 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Bloom, Nicholas; Van Reenen, John; Williams, Heidi (2019): Replication data for: A Toolkit of Policies to Promote Innovation. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.