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1 week ago | 
itif.org | Stephen Ezell |Meghan Ostertag
KEY TAKEAWAYSThe United States has led the world in turning its universities into engines of innovation. From 1996 to 2020, academic technology transfer from U.S. universities resulted in 554,000 inventions disclosed, 141,000 U.S. patents granted, and 18,000 start-ups formed, in addition to the contribution of $1.9 trillion of U.S. gross industrial output.
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1 month ago | 
itif.org | Stephen Ezell |Trelysa Long |Meghan Ostertag
KEY TAKEAWAYSA blanket 25 percent tariff on U.S. semiconductor imports would produce a 0.18 percent downturn in U.S. economic growth in the first year, and if sustained over 10 years, would result in a 0.76 percent slowdown in U.S. economic growth in the 10th year. A 10 percent tariff would result in 0.06 percent of U.S. gross domestic product (GDP) growth foregone in the first year and 0.20 percent in the 10th year.
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2 months ago | 
itif.org | Meghan Ostertag
If the U.S. wants to unlock the full potential of its small business sector, widespread AI adoption must become a policy priority. With targeted support, AI can become a powerful tool for enhancing productivity and strengthening U.S. competitiveness on the global stage.
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Jan 15, 2025 | 
itif.org | Robert D. Atkinson |Meghan Ostertag
In his first term, President Trump called out and took action against systematic Chinese innovation mercantilism, as ITIF had long argued America must.
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Jan 6, 2025 | 
itif.org | Meghan Ostertag
|January 6, 2025Source: Aaron Back, “The U.S. Needs a Productivity Miracle. It Might Just Get One.” The Wall Street Journal, December 26, 2024. Commentary: Economic growth is essential for reducing the national debt, and labor productivity, measured as output per hour worked, is one of the most essential tools for stimulating growth. However, U.S. labor productivity has been relatively unexceptional for many years.
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Dec 23, 2024 | 
itif.org | Meghan Ostertag
|December 23, 2024Source: Micole De Vera and Javier Garcia-Brazales, “Establishment Size and the Task Content of Jobs: Evidence from 46 Countries,” Institute for Labor Economics, no. 17319 (September 2024). Commentary: In a recent report, Micole De Vera and Javier Garcia-Brazales analyzed how firm size relates to work tasks to discover how firm size impacts employee tasks.
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Dec 16, 2024 | 
itif.org | Meghan Ostertag
|December 13, 2024Source: Organization for Economic Cooperation and Development (OECD), OECD Digital Economy Outlook 2024 (Volume 2) (Paris: OECD, 2024), 74-75. Commentary: From 2013 to 2022, wages in the information and communication technology (ICT) sector outpaced total average wages in Europe, according to the annual OECD Digital Economy Outlook 2024. Of the 28 countries with data available, two-thirds saw ICT sector wages grow faster annually than in the rest of the economy.
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Dec 13, 2024 | 
itif.org | Meghan Ostertag
|December 2, 2024Source: Organization for Economic Cooperation and Development (OECD), OECD Digital Economy Outlook 2024 (Volume 2; Paris: OECD, 2024). Commentary: Fifth generation (5G) wireless technology has become widely available in many developed countries and most of the Organization for Economic Cooperation and Development (OECD) nations.
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Nov 25, 2024 | 
itif.org | Meghan Ostertag
|November 22, 2024Source: Saheel A. Chodavadia, et al., “Immigrant Entrepreneurship: New Estimates and a Research Agenda,” National Bureau of Economic Research (NBER) working paper (Cambridge, Massachusetts: May 2024). Commentary: According to a report by Saheel A. Chodavadia, et al., immigrants, whom make up about 14 to 15 percent of the U.S. population, have an outsized role in entrepreneurship, starting over 20 percent of new businesses in America.
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Nov 18, 2024 | 
itif.org | Meghan Ostertag
|November 15, 2024Source: Jinkyong Choi, et al., “Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafes,” National Bureau of Economic Research (NBER) working paper (Cambridge, Massachusetts: October 2024). Commentary: “Third places” are local establishments, such as restaurants, bars, and coffee shops that provide a location for individuals to meet, exchange ideas, and build community. A report by Jinkyong Choi, et al.
