Table of Contents

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 Haščič, and Nick Johnstone
 
II. The On-Demand Economy
5. What’s 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 Capital–Led 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

About the Author

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 University’s 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.