How Innovation Can Power Economic Growth


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From climate change to public health crises, innovation and the capacity to generate big ideas are necessary to solve big problems and power long-run growth. Developing technologies to produce clean energy, new vaccines, and a host of other advancements can help meet these imperatives while also raising productivity and living standards over time. Public investment and policy changes – from boosting effective R&D investments to making a better use of talent to reforming the patent system – can facilitate the infrastructure investments and institution-building needed to accelerate this progress.

 

The Hamilton Project at the Brookings Institution will host a webcast discussing how public policy initiatives can spur the innovations that lead to long-term economic growth and productivity. The event will coincide with the release of a framing paper and three new Hamilton Project proposals that focus on expanding the innovation pipeline and reforms to make the patent system work better for innovators.

 

The event will feature framing remarks by Paul Romer, co-recipient of the 2018 Nobel Prize in Economic Sciences and university professor in economics at NYU, followed by a panel discussion.

 

Panel discussants include Hamilton Project proposal authors: Lisa D. Cook of Michigan State University, John Van Reenen of MIT Sloan School of Management, and Heidi Williams of Stanford University. The discussion will be moderated by Jay Shambaugh of The Hamilton Project.

For updates on the event, email: info@hamiltonproject.org.

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