The Role of Innovation and Entrepreneurship in Economic Growth

Michael J. Andrews is assistant professor of economics at the University of Maryland, Baltimore County. Aaron K. Chatterji is the Mark Burgess and Lisa Benson-Burgess Distinguished Professor at Duke Universitys Fuqua School of Business, professor at the Sanford School of Public Policy, and a research associate of the National Bureau of Economic Research. Josh Lerner is chair of the Entrepreneurial Management Unit and the Jacob H. Schiff Professor of Investment Banking at Harvard Business School. He is a research associate and codirector of the Productivity, Innovation, and Entrepreneurship Program at the National Bureau of Economic Research. Scott Stern is the David Sarnoff Professor of Management and chair of the Technological Innovation, Entrepreneurship, and Strategic Management Group at MIT Sloan School of Management. He is a research associate and director of the Innovation Policy Working Group at the National Bureau of Economic Research.

Acknowledgments Introduction: Beyond 140 Characters Michael J. Andrews, Aaron K. Chatterji, and Scott Stern I. Productivity Drivers 1. The Weighty Manufacturing Sector: Transforming Raw Materials into Physical Goods Erica R. H. Fuchs, Christophe Combemale, Kate S. Whitefoot, and Britta Glennon 2. Concentration and Agglomeration of IT Innovation and Entrepreneurship: Evidence from Patenting Chris Forman and Avi Goldfarb 3. Innovation, Growth, and Structural Change in American Agriculture Julian M. Alston and Philip G. Pardey Comment: Brian Davern Wright 4. Innovation and Entrepreneurship in the Energy Sector David Popp, Jacquelyn Pless, Ivan Hai, and Nick Johnstone II. The On-Demand Economy 5. Whats Driving Entrepreneurship and Innovation in the Transportation Sector? Derrick Choe, Alexander Oettl, and Rob Seamans Comment: Gilles Duranton 6. The Recent Evolution of Physical Retail Markets: Online Retailing, Big Box Stores, and the Rise of Restaurants Francine Lafontaine and Jagadeesh Sivadasan Comment: Emek Basker 7. The Servicification of the US Economy: The Role of Startups versus Incumbent Firms Mercedes Delgado, J. Daniel Kim, and Karen G. Mills Comment: Sharat Ganapati 8. Digitization and Its Consequences for Creative-Industry Product and Labor Markets Joel Waldfogel Comment: Gustavo Manso III. The Cost Disease Sectors 9. Innovation in the US Government Joshua R. Bruce and John M. de Figueiredo Comment: Manuel Trajtenberg 10. Venture CapitalLed Entrepreneurship in Health Care Amitabh Chandra, Cirrus Foroughi, and Lauren Mostrom 11. Innovation and Entrepreneurship in Housing Edward Kung Comment: Jessie Handbury 12. Education and Innovation Barbara Biasi, David Deming, and Petra Moser Comment: Eleanor Wiske Dillon Panel Remarks: Creating Smart Policy to Promote Entrepreneurship and Innovation Karen G. Mills and Annie V. Dang Panel Remarks: Measuring Business Innovation Using a Multidimensional Approach Lucia Foster 13. Where Innovation Happens, and Where It Does Not Benjamin F. Jones Contributors Author Index Subject Index