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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2012 Innovation Policy and the Economy

Jeffrey L. Furman, Pierre Azoulay, and Nicholas Bloom, Organizers

July 16, 2012

Royal Sonesta Hotel

Ballroom A

40 Edwin H. Land Blvd.

Cambridge, MA

PROGRAM

Monday, July 16:
8:30 am	Coffee and Pastries
9:00 am	Nirupama Rao, New York University Do Tax Credits Stimulate R&D Spending? Revisiting the Effect of the R&D Tax Credit in its First Decade Discussant: Timothy Simcoe from Boston University and NBER
9:50 am	W. Walker Hanlon, University of California at Los Angeles Necessity is the Mother of Invention: Input Supplies and Directed Technical Change Discussant: Ufuk Akcigit, University of Pennsylvania and NBER
10:40 am	Break
11:00 am	Natalia Zinovyeva, Spanish Research Council Manuel Bagues, Universidad Carlos III de Madrid It's Not What You Know, but Who You Know? the Role of Connections in Academic Promotions Discussant: Heidi Williams, Massachusetts Institute of Technology and NBER
11:50 am	Danielle Li, Northwestern University Information, Bias, and Efficiency in Expert Evaluation: Evidence from the NIH Discussant: Bruce Weinberg, Ohio State University and NBER
12:40 pm	Lunch
1:40 pm	Otto Toivanen, Helsinki School of Economics Lotta Vaananen, Aalto University Education and Invention Discussant: Megan MacGarvie, Boston University and NBER
2:30 pm	Pian Shu, Harvard University The Long-Term Impact of Business Cycles on Innovation: Evidence from the Massachusetts Institute of Technology Discussant: Ben Jones, Northwestern University and NBER
3:20 pm	Break
3:35 pm	Panel: “Innovation Policy & the R&D Workforce” Richard Freeman, Harvard University and NBER Paula Stephan Georgia, State University and NBER Charles Vest, National Academy of Engineering and MIT
4:55 pm	Adjourn