1/5/2010 9:00:00 AM By
I am not at the American Economic Association (AEA) meeting
this year as I recently became a father and am not going to be traveling for a while but that doesn't mean there aren't some really exciting sessions/papers being presented related to new advances in measuring innovation and entrepreneurship. Ken Jarboe at the Athena Alliance did a great post
on some of the papers focusing on intangible assets so I'll simply defer to Ken on that topic, but there are some other data papers worth a review:
Michael R. Darby (University of California-Los Angeles & NBER)
Lynne G. Zucker (University of California-Los Angeles & NBER)
John E. Jankowski (National Science Foundation)
Lynda Carlson (National Science Foundation)
Peter Gibson (U.S. Census Bureau)
Richard Hough (U.S. Census Bureau)
Ronald Lee (U.S. Census Bureau)
Brandon Shackelford (Twin Ravens Consulting)
Raymond Wolfe (National Science Foundation)
Jonathan Haskel (Imperial College Business School)
Alicia Robb (Beacon Economics)
John Haltiwanger (University of Maryland)
There are a couple of other great sessions on the agenda which don't have papers listed which I am trying to gather more info on, like one on measuring broadband impact, so I'll hopefully be able to post more in the coming week. For those at the AEA meeting who I've missed, hope it's going great!
1/4/2010 4:00:00 PM By
Published every two years, the OECD Science, Technology and Industry (STI) Scoreboard
brings together internationally comparable indicators in the area. The 2009 edition was recently published. Read the English language summary
. One bullet point of likely interest:
- Historical data show that research and development (R&D) and venture capital are among the first expenditures to be cut during recessions in OECD countries. Preliminary data confirm this finding for the first half of 2009.
12/8/2009 4:00:00 PM By
12/3/2009 9:00:00 AM By
I was reminded last week of some work I had done a couple of months back which looked at COBRA health insurance. The reminder came from a posting the Bureau of Economic Analysis did to clarify its treatment of COBRA payments in the national accounts
My earlier work was to comment on the Bureau of Labor Statistics' (BLS) Current Population Survey module on displaced workers
. I had earlier posted draft comments but received some great input from a colleague, Margo Quiriconi, on that draft so here are my final comments submitted to BLS
. What amazed me in reviewing this module was that in the midst of a national debate on health insurance and the Great Recession that BLS hadn't taken more care to revise the module. Set to go to the field in January in the exact same form it was fielded two years ago no one seems to be worried about measuring really important aspects of health insurance in the displaced worker population like COBRA insurance
or where people displaced from their job in this Great Recession are receiving their health insurance (if they are). At this point, it is too late to change anything for this module, but it is, in my opinion, a real missed opportunity to collect relevant and meaningful information on an important population. This could be a great module to someday finally answer the question about health care job lock by looking at people who are displaced but had access to health insurance through another source and whether that effects one way or the other their propensity to start a business.
12/2/2009 9:00:00 AM By
According to a new Intel/Newsweek survey
, consumers remain confident in the role that innovation will play in driving future economic growth. While this is survey I suspect knew the storyline that it wanted to tell before even going to the field, I did find some aspects of their survey about perceptions of future technological innovation to be interesting. Here are a couple of paragraphs from their press release:
However, even as Americans see technological innovation as a key growth driver, they have significant doubts about their country's ability to hold on to global leadership. Despite many nations giving the United States credit for leadership in technology innovation today, only one-third of Americans saw themselves leading over the next 30 years.
Americans are not alone in their belief that they risk losing the mantle of innovation leadership. A large majority of Europeans gave technology innovation a nod for improved quality of life and positive economic impact. However, Europeans are even less optimistic than Americans about their own ability to be innovative long-term. Only 14 percent saw a European country leading on technology innovation in the future, and the rest ceded future leadership to nations such as China, Japan and India. In contrast, China shows strong confidence in its future strength as 54 percent of Chinese people predicted that their country will pioneer the next society-changing technology and overtake the United States in the next 30 years.
We have asked a similar question before (not that that makes me any more confident in its predictive nature). Think back to the perceptions created of Japan in the 1980s. As such, I'd take this with a grain of salt. Certainly media can influence attitudes significantly when it comes to a countries confidence. But I can also recognize how self-fulfilling defeatists attitudes can become. That is part of why we engaged in Global Entrepreneurship Week to try to positively affect the images and opportunities young people can find in entrepreneurship. Perhaps next years theme should try to take on perceptions of our abilities to innovate technologically?
12/1/2009 3:00:00 PM By
11/30/2009 3:00:00 PM By
11/30/2009 9:00:00 AM By
After the crazy financial environment of the last year, consumer finance (or household financial usage) surveys appear to be increasing in popularity or frequency. The Federal Reserve Board of Governors made a really astute decision to refield their popular Survey of Consumer Finance, last done in 2007, but not to implement a new 2009 cohort but rather to go back to their respondents from 2007 and collected panel data on the finances of these households. And apparently, they have added in some logic to their questionnaire such that if a respondent was a business owner in 2007 but not in 2009 they will ask what happened to that business. This holds great potential in studing entrepreneurial households. Unfortunately, the sample sizes here are so small that it the utility of the data could be limited depending on incidence rates.
Additionally, the World Bank is considering some expanded work in this area that if approved could be quite exciting. Also from the World Bank, a recent paper highlights some methodological issues about collecting data on financial service usage:
11/27/2009 3:00:00 PM By
11/27/2009 9:00:00 AM By
At the beginning of the year, I posted on data available on college-age entrepreneurial interests
. In writing that post I determined that I wanted to see something more on what the Cooperative Institutional Research Program (CIRP) at the University of California, Los Angeles had to offer related to entrepreneurship questions. The result of this is a short paper which John Pryor and I released last week called "Trends in Business Interest Among U.S. College Students."
John did all the analysis work here but I helped to add in more context for entrepreneurship research since John doesn't have as much of an entrepreneurship research background.