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Environmental and Innovation Policy and the Economy

Volume 1

Entrepreneurship and innovation are widely recognized as key drivers of long-term economic growth, yet the development of rigorous economics research evaluating the causes and consequences of entrepreneurship and innovation is more recent. Building on the twenty-year legacy of the NBER Innovation Policy and the Economy series, Entrepreneurship and Innovation Policy and the Economy will examine those causes and consequences and their effects on policy. This new series aims to broaden the historical focus to reflect more directly the significant growth in both academic and policy interest over the past twenty years in entrepreneurship and entrepreneurship policy. Entrepreneurship and innovation are likely to be affected by traditional policy categories such as overall federal research spending, but also by tax policy, immigration policy, regulations in capital, labor, and product markets, and the quality and scope of education. There is increasing recognition that the impact of innovation and entrepreneurship on the economy and long-term growth is multidimensional, and understanding the linkages between these areas requires both an economic framework and systematic measurement.

Table of Contents

Introduction
Josh Lerner and Scott Stern

1. Mapping the Regions, Organizations and Individuals that Drive Inclusion in the Innovation Economy
Mercedes Delgado and Fiona Murray

2. Funding Risky Research
Chiara Franzoni, Paula Stephan, and Reinhilde Veugelers

3. Gender and Racial Disparity in the Innovation Process
Lisa D. Cook

4. Crisis Innovation Policy from World War II to COVID-19
Daniel P. Gross and Bhaven N. Sampat

5. Entrepreneurship during the COVID-19 Pandemic: Evidence from the Business Formation Statistics
John Haltiwanger

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