Download or read book Handbook of Innovation Policy Impact written by Jakob Edler and published by Edward Elgar Publishing. This book was released on 2016-07-27 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation underpins competitiveness, is crucial to addressing societal challenges, and its support has become a major public policy goal. But what really works in innovation policy, and why? This Handbook, compiled by leading experts in the field, is the first comprehensive guide to understanding the logic and effects of innovation polices. The Handbook develops a conceptualisation and typology of innovation policies, presents meta-evaluations for 16 key innovation policy instruments and analyses evidence on policy-mix. For each policy instrument, underlying rationales and examples are presented, along with a critical analysis of the available impact evidence. Providing access to primary sources of impact analysis, the book offers an insightful assessment of innovation policy practice and its evaluation.
Download or read book The Impact of Regulation on Innovation written by Philippe Aghion and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable endogenous growth model with size-contingent regulations. We apply this to population administrative firm panel data from France, where many labor regulations apply to firms with 50 or more employees. Nonparametrically, we find that there is a sharp fall in the fraction of innovating firms just to the left of the regulatory threshold. Further, a dynamic analysis shows a sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5.4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation intensity per firm rather than just a misallocation towards smaller firms and lower entry. We generalize the theory to allow for changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as measured by citations and text-based measures of novelty). A more regulated economy may have less innovation, but when firms do innovate they tend to "swing for the fence" with more radical (and labor saving) breakthroughs.
Download or read book The Changing Economics of Medical Technology written by Institute of Medicine and published by National Academies Press. This book was released on 1991-02-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Americans praise medical technology for saving lives and improving health. Yet, new technology is often cited as a key factor in skyrocketing medical costs. This volume, second in the Medical Innovation at the Crossroads series, examines how economic incentives for innovation are changing and what that means for the future of health care. Up-to-date with a wide variety of examples and case studies, this book explores how payment, patent, and regulatory policiesâ€"as well as the involvement of numerous government agenciesâ€"affect the introduction and use of new pharmaceuticals, medical devices, and surgical procedures. The volume also includes detailed comparisons of policies and patterns of technological innovation in Western Europe and Japan. This fact-filled and practical book will be of interest to economists, policymakers, health administrators, health care practitioners, and the concerned public.
Download or read book The Impact of Rate of Return Regulation on Technological Innovation written by Mark W. Frank and published by Routledge. This book was released on 2017-05-15 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contends that various forms of regulation have costs as well as benefits and it examines the impact of government regulation on the innovativeness of ’monopolies’ - in this book meaning firms with the power to affect market price. The government regulation analyzed in this case is limited to rate-of-return regulation. Using theoretical models such as the Averch-Johnson model and a two-stage Nash equilibrium model, this volume examines whether regulated monopolies engage in more or less technological innovation than unregulated monopolies. Furthermore, if the unregulated (or less regulated) monopolies do engage in more research and development than regulated ones, it questions whether social welfare would be greater with the former. Using a case study of ten privately-owned electric utilities in the State of Texas, USA, it then tests out the general propositions brought forward by the theoretical modelling and finally makes its conclusions taking into consideration both theoretical and empirical findings.
Download or read book The Impact of Regulation on Innovation written by and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Federal Regulation of Industrial Innovation written by Henry G. Grabowski and published by . This book was released on 1979 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Policy Regulation and Innovation in China s Electricity and Telecom Industries written by Loren Brandt and published by Cambridge University Press. This book was released on 2019-05-30 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: Openness and competition sparked major advances in Chinese industry. Recent policy reversals emphasizing indigenous innovation seem likely to disappoint.
Download or read book Innovation Oriented Environmental Regulation written by J. Hemmelskamp and published by . This book was released on 2014-10-02 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Regulation on Innovation written by Rudi Kurz and published by . This book was released on 1987 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Health Effectiveness of the FDA 510 k Clearance Process written by Institute of Medicine and published by National Academies Press. This book was released on 2010-10-04 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Food and Drug Administration (FDA) is responsible for assuring that medical devices are safe and effective before they go on the market. As part of its assessment of FDA's premarket clearance process for medical devices, the IOM held a workshop June 14-15 to discuss how to best balance patient safety and technological innovation. This document summarizes the workshop.
Download or read book Regulation written by Jerry Brito and published by Mercatus Center at George Mason University. This book was released on 2012-08-13 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal regulations affect nearly every area of our lives and interest in them is increasing. However, many people have no idea how regulations are developed or how they have an impact on our lives. Regulation: A Primer by Susan Dudley and Jerry Brito provides an accessible overview of regulatory theory, analysis, and practice. The Primer examines the constitutional underpinnings of federal regulation and discusses who writes and enforces regulation and how they do it. Published by the Mercatus Center at George Mason University, it also provides insights into the different varieties of regulation and how to analyze whether a regulatory proposal makes citizens better or worse off. Each chapter discusses key aspects of regulation and provides further readings for those interested in exploring these topics in more detail.
Download or read book The Impact of Regulation on Entrepreneurship and Innovation written by Erin Lynne Scott and published by . This book was released on 2013 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: While entrepreneurs are hailed as the key to innovation and growth, often in industries where these benefits are most desired, governments add regulations that may handicap entrepreneurs and dampen these benefits. Given the importance of both entrepreneurship and regulation to improving social outcomes, it is imperative for entrepreneurship scholars and policy makers to better understand these apparently countervailing forces of free entry and regulation. This work investigates the impact of regulations on competition, entry, and innovation (productivity growth) using the natural quasi-experimental properties of the U.S. bail bond industry. The first chapter analyzes the impact of entry and operating regulation on price competition. Entry is valued because it triggers competition through lower price-cost margins in the short run and greater efficiency in the long run. However, there is concern that regulations, by restricting entry, may deter competition. I adapt Bresnahan and Reiss' (1991) methodology to examine a proprietary data set of firm counts, demand, and regulations and use counter-factual policy experiments to test not only the effects of regulation on price competition generally, but also the relative effects of particular regulations. This analysis finds the counter-intuitive result that a regulatory environment with entry regulations requires fewer firms than an environment with unrestricted entry to achieve a competitive environment. Operating regulations were found to have no impact on price competition. These results suggest that there does not appear to be a penalty to price competition from regulations. Entrepreneurship is valued primarily because it stimulates Schumpeter's gale of creative destruction. However, a popular view, reinforced by recent empirical work on regulatory reform, is that regulation inhibits entrepreneurship and innovation (productivity growth). The second chapter of my dissertation investigates this relationship. As regulations are designed primarily for first-order concerns such as correcting market failures, it is important to understand the relative performance of different types of regulations with respect to their impact on entry and innovation. However, the literature offers little guidance. This is because prior empirical work has either looked at the impact of a particular regulation or, more commonly, has employed proxy measures of regulatory extent. This analysis uses structural models of the entrepreneur's entry decision and the incumbent's continuation (not to exit) decision to conduct counterfactual policy experiments that allow for comparison of the impact of different regulatory regimes on entry and innovation. Results from this exercise indicate that regulations that operate through firm selection mechanisms decrease firm counts, yet increase innovation whereas regulations that seek to alter firm behavior directly have no impact on firm entry or innovation. These results suggest that it is possible to design regulations without imposing the Schumpeterian cost on innovation. They also provide preliminary evidence as to which regulations best accomplish this goal.
Download or read book Innovation and Protection written by I. Glenn Cohen and published by Cambridge University Press. This book was released on 2022-04-07 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed analysis of the ethical, legal, and regulatory landscape of medical devices in the US and EU.
Download or read book The Impact of Regulation on Industrial Innovation written by and published by . This book was released on 1979 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Permissionless Innovation The Continuing Case for Comprehensive Technological Freedom written by Adam Thierer and published by Mercatus Center at George Mason University. This book was released on 2016-03-15 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Will innovators be forced to seek the blessing of public officials before they develop and deploy new devices and services, or will they be generally left free to experiment with new technologies and business models? In this book, Adam Thierer argues that if the former disposition, “the precautionary principle,” trumps the latter, “permissionless innovation,” the result will be fewer services, lower-quality goods, higher prices, diminished economic growth, and a decline in the overall standard of living. When public policy is shaped by “precautionary principle” reasoning, it poses a serious threat to technological progress, economic entrepreneurialism, and long-run prosperity. By contrast, permissionless innovation has fueled the success of the Internet and much of the modern tech economy in recent years, and it is set to power the next great industrial revolution—if we let it.
Download or read book The REGTECH Book written by Janos Barberis and published by John Wiley & Sons. This book was released on 2019-08-06 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Regulatory Technology Handbook The transformational potential of RegTech has been confirmed in recent years with US$1.2 billion invested in start-ups (2017) and an expected additional spending of US$100 billion by 2020. Regulatory technology will not only provide efficiency gains for compliance and reporting functions, it will radically change market structure and supervision. This book, the first of its kind, is providing a comprehensive and invaluable source of information aimed at corporates, regulators, compliance professionals, start-ups and policy makers. The REGTECH Book brings into a single volume the curated industry expertise delivered by subject matter experts. It serves as a single reference point to understand the RegTech eco-system and its impact on the industry. Readers will learn foundational notions such as: • The economic impact of digitization and datafication of regulation • How new technologies (Artificial Intelligence, Blockchain) are applied to compliance • Business use cases of RegTech for cost-reduction and new product origination • The future regulatory landscape affecting financial institutions, technology companies and other industries Edited by world-class academics and written by compliance professionals, regulators, entrepreneurs and business leaders, the RegTech Book represents an invaluable resource that paves the way for 21st century regulatory innovation.
Download or read book The Impact of Single Market Regulation on Innovation written by Horst Steg and published by . This book was released on 2000 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
