Has China Become an Innovation Giant? | Steven J. Davis, Amit Seru, Josh Lerner | Hoover Institution

Josh Lerner and Amit Seru sit down with Steven J. Davis to discuss their new study on the pace, character, and sources of China’s scientific and technological innovation. Drawing on millions of patents, Josh and Amit find that China’s innovation explosion is real, covers many critical technologies, and is based on homegrown talent. They also find that universities and small firms play greater roles in the innovation ecosystem in China than in the US. Josh, Amit, and Steve discuss the implications for US policy.

ABOUT ECONOMICS, APPLIED

Economics, Applied brings together top leaders and researchers to break down key economic developments, offering evidence-based insights and practical lessons for navigating today’s economy. Economic change is constant.