This Finance survey examines (a) Establishing a domestic sovereign wealth fund to invest in domestic infrastructure, emerging technologies, and/or strategic sectors would bring substantial benefits to the US economy over a ten-year horizon; (b) For the US, establishing a sovereign wealth fund would be substantially better for citizens relative to reducing public debt burdens
Keyword: innovation
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This US survey examines (a) Establishing a domestic sovereign wealth fund to invest in infrastructure, emerging technologies, and/or strategic sectors would bring substantial benefits to the US economy over a ten-year horizon; (b) The typical advanced economy could substantially boost growth by establishing a sovereign wealth fund to invest in infrastructure, emerging technologies, and/or strategic sectors; (c) For a typical advanced economy, establishing a sovereign wealth fund would be substantially better for citizens relative to paying down the debt as a use for excess revenue
This European survey examines (a) Current enforcement of competition policy in Europe is not working to promote innovation and growth; b) European Union bureaucracy and regulations are a substantial constraint on innovation in Europe; c) The conduct of the dominant US tech companies in European markets (including lobbying and acquisition of start-ups and competitors) is a substantial constraint on innovation in Europe
This European survey examines (a) US antitrust investigations of the dominant firms in artificial intelligence are warranted by the need to foster competition and innovation in the technologies; b) Seeking to slow the pace of artificial intelligence use and implementation would be a more effective means of assessing potential harms from the technologies than market deployment and ex post assessment
This US survey examines: (a) Antitrust investigations of the dominant firms in artificial intelligence are likely to lead to substantially lower prices of AI products and services for businesses and consumers; (b) Antitrust investigations of the dominant firms in artificial intelligence are likely to promote greater competition and innovation in AI; (c) Potential harms from artificial intelligence are better assessed by market deployment rather than seeking to slow the pace of AI research and implementation
This European survey examines: The European Union's AI Act was approved by the European Parliament in March 2024: https://artificialintelligenceact.eu/the-act/ (a) The EU's legislation to regulate artificial intelligence is likely to put European technology firms at a substantial disadvantage to their competitors elsewhere in the world; (b) By providing a clear set of rules, the EU's legislation on artificial intelligence is likely to enhance research and innovation by firms building the new technology
This European survey examines (a) The EU's taxonomy for sustainable activities - a classification system that defines criteria for economic activities that are aligned with a net zero trajectory by 2050 and the broader environmental goals other than climate - is an effective way to steer greener investment and the energy transition by firms and financial institutions.
Details on the taxonomy are here: https://finance.ec.europa.eu/sustainable-finance/tools-and-standards/eu-taxonomy-sustainable-activities_en; (b) Use of the EU taxonomy for sustainable activities is likely to stifle important innovations, including in green technology; (c) On balance, use of the taxonomy in EU directives and regulation is likely to be net beneficial to European citizens.
This European survey examines (a) If countries could impose a ban on the use of ChatGPT and similar generative AI chatbot services that is technologically effective, they would experience a measurably negative impact on national innovation; (b) Regardless of whether advances in AI spur productivity growth, they are likely to create deep challenges for society – in areas from labor markets to politics, and including disinformation, privacy, crime, and warfare – that will be difficult to anticipate, plan for, and contain.
This US survey examines (a) If enacted and technologically effective, a national ban on the use of TikTok would have a measurably negative impact on US innovation; (b) If enacted and technologically effective, a national ban on the use of TikTok would have a measurably positive impact on the profits of the big US tech companies
This US survey examines (a) Use of artificial intelligence over the next ten years will lead to a substantial increase in the growth rates of real per capita income in the US and Western Europe over the subsequent two decades; (b) Use of artificial intelligence over the next ten years will have a substantially bigger impact on the growth rates of real per capita income in the US and Western Europe over the subsequent two decades than the internet has had over the past two decades
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