Entrepreneurship and Innovation Policy and the Economy, Volume 1.

• Position: NBER Books

Josh Lerner and Scott Stern, editors

https://www.journals.uchicago.edu/toc/eipe/2022/1

Entrepreneurship and innovation are widely recognized as key drivers of long-term economic growth. Understanding the forces that influence them is essential for policy design. Building on the 20-year legacy of the NBER Innovation Policy and the Economy series, Entrepreneurship and Innovation Policy and the Economy showcases recent research on entrepreneurship and entrepreneurship policy.

The volume reports on five research projects. First, leveraging detailed data from the Business Formation Statistics, John Haltiwanger documents a striking uptick in new business formation during the pandemic and considers the future economic impact of this renewed rate of business dynamism.

The next two chapters focus on disparities in the degree of inclusion of women and people of color in innovation and entrepreneurship. Lisa Cook, Janet Gerson, and Jennifer Kuan examine the history of unequal access to education, training, and the practice and commercialization of invention, and the subsequent loss in innovative capacity and productivity. They also consider the potential effects of policies that address...