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Keywords:Research and development 

Conference Paper
Does the location of ideas matter for employment and earnings in the Internet age?

Freeman talked about the development of ideas and their impact on U.S. workers. It used to be the case that the place where new knowledge was created had an advantage in commercializing it. But Freeman argues that modern communications technologies allow new ideas rapid exposure on a world stage, where the ever-growing numbers of technically skilled workers in developing countries stand capable of turning them into profit-making opportunities. Freeman emphasizes the need for policies that foster knowledge creation in areas where the home-field advantage can be maintained. He says that the ...
Proceedings

Journal Article
Are state R&D tax credits constitutional? an economic perspective

This Economic Letter discusses how the unique economic nature of R&D may bear on the question of the constitutionality of state R&D tax credits. In particular, I discuss the conditions laid out by the U.S. Supreme Court for determining the constitutionality of a state tax credit and how economic research can play a critical role in assessing whether these conditions are met.
FRBSF Economic Letter

Journal Article
Regional research and development intensity and earnings inequality

Investment in technology increased rapidly in the United States during the past two decades, leading some to herald the birth of a "new economy." This new economy, marked by rapid productivity growth, rising incomes, low unemployment, and moderate inflation, creates a "rising tide that lifts all boats." However, during the same period U.S. earnings and income inequality increased not only between groups defined by schooling and experience but also within these groups. ; Although many researchers point to technology as the leading explanation for the increase, a cause-effect relationship ...
Economic Review , Volume 86 , Issue Q2 , Pages 13-26

Conference Paper
Financing biotechnology research: a firsthand perspective

Proceedings , Issue Sep , Pages 119-130

Working Paper
R&D spending and manufacturing productivity: an empirical analysis

Finance and Economics Discussion Series , Paper 122

Conference Paper
Technology diffusion in U.S. manufacturing: the geographic dimension

Conference Series ; [Proceedings] , Volume 40 , Issue Jun , Pages 215-268

Journal Article
Can R&D be the RX for the midwest?

A discussion of the reasons for, and effects of, lower overall R&D spending by Midwest firms as compared to East and West Coast firms, with a comparative analysis of the influence of the shortfall on sales and regional economic growth.
Economic Commentary , Issue Jan

Journal Article
The rise and spread of state R&D tax credits

This article begins with a description of the general structure of state R&D tax credits, and then explains how their true value can be measured, and how the average value as well as the availability of R&D tax credits have evolved over time. It concludes with a discussion of the implications of this evolution in terms of tax competition among states.
FRBSF Economic Letter

Journal Article
Innovative activity in rural areas: the importance of local and regional characteristics

Innovation, supported by a developed and active entrepreneurial system, long has been recognized as critical to regional economic competitiveness. Innovation also plays an essential role for rural economic development as these regions respond to the challenges of competing in the global economy. Barkley and Henry identify assets that contribute to nonmetro innovation ?hot spots.?
Community Development Innovation Review , Issue 3 , Pages 1-14

Working Paper
The agglomeration of R&D labs

This paper has been superseded by WP 15-03.<p>The authors document the spatial concentration of more than 1,000 research and development (R&D) labs located in the Northeast corridor of the U.S. using point pattern methods. These methods allow systematic examination of clustering at different spatial scales. In particular, Monte Carlo tests based on Ripley's (1976) K-functions are used to identify clusters of labs ? at varying spatial scales ? that represent statistically significant departures from random locations reflecting the underlying distribution of economic activity (employment). ...
Working Papers , Paper 10-33

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