Publications
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May 7, 2024
Technology Fears and Scapegoats: 40 Myths about Privacy, Jobs, AI, and Today’s Innovation Economy
Technologies and tech companies are accused of creating a myriad of societal problems. Technology Fears and Scapegoats exposes them as mostly myths, falsehoods, and exaggerations. It issues a clarion call to restore the West’s faith in technological progress.
May 6, 2024
The Relationship Between Biopharma R&D Investment and Expected Returns: Improving Evidence to Inform Policy
Better evidence is needed to evaluate the impact of policy changes on new drug development. Greater availability of government data should support more rigorous evaluations to inform evidence-based policymaking.
May 6, 2024
Why the US Economy Needs More Consolidation, Not Less
Larger firms are generally more productive because of scale economies, but some U.S. industries still have too high a share of small firms. Policymakers should encourage, not discourage, greater consolidation in these industries.
May 6, 2024
Public Knowledge vs. Progress: The Debate on Website Blocking in the United States and Elsewhere
Congress and other stakeholders would do well to ignore SOPA as a relic of the past and instead focus on those stakeholders who want to engage on the substantial and growing body of evidence from around the world.
May 6, 2024
Fact of the Week: US Export Controls Reduce Foreign Direct Investment in the US by 13 Percent
A recent working paper suggests that trade and technology restrictions in the U.S. not only reduce consumer welfare and exports, but also negatively influence other indicators such as foreign investment due to declines in associated technology transfer.
May 3, 2024
A Nation With Larger Establishments Could Mean Higher Economic Productivity
Policymakers should ignore neo-Brandeisian calls to regulate or break up large companies. Another study has found large firms can benefit the economy and are crucial for optimal productivity.
May 3, 2024
Comments to the Competition Bureau Canada Regarding AI and Competition
The artificial intelligence market in Canada is still in its early stages but is growing rapidly and becoming increasingly competitive. At this juncture, there is no clear evidence of market failure, substantial barriers to entry, or exclusionary practices that would necessitate intervention.
May 2, 2024
Comments for the California Law Review Commission Study of Antitrust Law Regarding Single-Firm Conduct and Concentration
While ITIF applauds the Commission for its efforts to evaluate the adequacy of California’s competition laws and consider possible changes, this comment highlights concerns with both the single-firm and concentration reports, and specifically regarding their respective legal and economic findings.
May 2, 2024
Canada Needs a “Canadian” Productivity Commission
Canada needs a productivity commission. But instead of emulating Australia’s model, which is driven by orthodox neoclassical economics, it should take guidance from “productionists” with a deep understanding of firm, industry, and technology dynamics.
May 2, 2024
The Australian Productivity Commission: Don’t Try This at Home
On the Australian Productivity Commission’s watch, productivity growth in Australia over the last two decades is at its lowest for 60 years, with accompanying real wage stagnation.