The nonrivalry of ideas gives rise to increasing returns, a fact celebrated in Paul Romer's
recent Nobel Prize. An implication is that the long-run rate of economic growth is the product …

We study the use and economic impact of AI technologies. We propose a new measure of
firm-level AI investments using employee resumes. Our measure reveals a stark increase in …

We develop natural language processing techniques to identify the creation and impact of
new technologies in the population of US patents. We validate the new techniques and their …

We attempt to understand potential common forces behind rising market concentration and a
slowdown in business dynamism in the US economy, through a micro-founded general …

How do political connections affect firm dynamics, innovation, and creative destruction? We
extend a Schumpeterian growth model with political connections that help firms ease …

Standards of living in advanced economies have risen dramatically over the last two
centuries, with US income per capita currently 25 times its level in 1820 (Council of …

Innovation is central to long-run economic growth. This chapter summarizes the state of the
literature on the economics of innovation, highlighting open policy questions. We first …

We review the scholarly contributions that utilise natural language processing (NLP)
techniques to support the design process. Using a heuristic approach, we gathered 223 …

We investigate the impact of reporting regulation on corporate innovation activity. Exploiting
thresholds in Europe's regulation and a major enforcement reform in Germany, we find that …

In this paper, we shed new light on the links between firm-level innovation and growth. We
introduce data that capture a difficult-to-observe aspect of firms' innovative activity–new …