Federal Policies and Innovation

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By Nathan Musick (au); Philip Webre (au)
Year: 2014
Pages: 46
Binding Paperback
ISBN 978-1-4578-5921-2

Product Code: 1457859211

Description

Innovation is a central driver of economic growth in the U.S. Workers become more productive when they can make use of improved equipment and processes, and consumers benefit when new goods and services become available or when existing ones become better or cheaper -- although the transition can be disruptive to established firms and workers as new products and processes supersede old ones. The federal government influences innovation through two broad channels: spending and tax policies, and the legal and regulatory systems. This report examines the effects on innovation of existing policies and systems and the possible effects of a variety of proposals for changing those policies and systems. Figures. This is a print on demand report.

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