91. The Human Perils of Scaling Smart Technologies: Evidence from Field Experiments
- Author:
- Alec Brandon, Christopher M. Clapp, John A. List, Robert D. Metcalfe, and Michael Price
- Publication Date:
- 12-2022
- Content Type:
- Policy Brief
- Institution:
- The Cato Institute
- Abstract:
- Economists have long argued that an essential driver of economic growth is innovation. Past work has shown that differences in production technologies represent an important source of disparities in patterns of long‐run economic growth across countries. For instance, some estimates suggest that roughly 50 percent of growth in U.S. annual gross domestic product can be attributed to innovation. Not surprisingly, policymakers have thus focused significant attention on policies designed to stimulate innovation and the supply of new technologies. Yet innovation includes not only the creation but also the diffusion of new technologies and products in the marketplace.
- Topic:
- Science and Technology, Economic Growth, and Innovation
- Political Geography:
- North America and United States of America