Gabriele Cristelli

This course is compulsory on the MSc in Innovation Policy. This course is not available as an outside option to students on other programmes. This course uses controlled access as part of the course selection process. For information on controlled access courses, including eligibility, application processes, deadlines, and departmental contact details, please refer to the Controlled Access Courses webpage.

How to apply: Priority: MSc Innovation Policy then other students. Priority is typically for students enrolled in Geography and Environment programmes, or joint degree programmes, however course specific availability is indicated via the 'Availability section' on the LSE course guide webpages. Guidance on how to apply to individual controlled access courses can also be found on LSE for You in the Graduate Course Selection system.

Please note: The number of students that can be accommodated is limited. If a course is over-subscribed, places will be allocated at the Department's discretion and a waiting list may be created. It is advised to have an alternative course in mind as a back-up in case you are unable to secure your first-choice course selection.

Deadline for application: Further guidance and information on course selection for Geography and Environment courses (GY4xx) will be available on the Geography and Environment Course Selection Moodle page which will go live from Monday 8 September and will be updated with course availability information daily throughout the course selection period. This page includes information on the timeline for course selection decisions in the Geography and Environment Department as well as the individual course application processes and requirements

A list of all taught master's courses in this Department are listed on LSE's course guide webpages.

For queries contact: geog.innovation@lse.ac.uk

This course is compulsory for students on the MSc in Innovation Policy. Students from MSc in Local Economic Development migh be offered a place upon motivated application approved by the course convenor.

This course provides an overview of core topics in innovation policy. The Autumn term introduces the welfare rationale for policy intervention, the main elements of innovation systems, and reviews the key policy levers to promote innovation, such as public funding, taxation, intellectual property, competition, and immigration policies. The Winter term builds on this foundation, introducing additional features of innovation and policy topics, including the domestic supply of innovators, place-based policy, climate policy and technology, and artificial intelligence. Each lecture will describe the policy tools, provide examples on their use, and discuss research evidence on their effectiveness.

This course has a reading week in Week 6 of Autumn and Winter Term.

The course will offer 20 lectures of 1.5 hours each in both AT and WT.

10 workshops of 1.5 hours each will take place every other week in both AT and WT.

A detailed reading list will be shared with the students at the beginning of the course.

Academic Papers will include

• Bloom, N., Van Reenen, J., & Williams, H. (2019). A toolkit of policies to promote innovation. Journal of Economic Perspectives, 33(3), 163-184.

• Howell, S. T. (2024). Government intervention in innovation. Annual Review of Financial Economics, 16.

• Azoulay, P., Graff Zivin, J. S., Li, D., & Sampat, B. N. (2019). Public R&D investments and private-sector patenting: evidence from NIH funding rules. The Review of Economic Studies, 86(1), 117-152.

• Dechezleprêtre, A., Einiö, E., Martin, R., Nguyen, K. T., & Van Reenen, J. (2023). Do tax incentives increase firm innovation? An RD design for R&D, patents, and spillovers. American Economic Journal: Economic Policy, 15(4), 486-521.

• Gross, D. P., & Sampat, B. N. (2023). America, jump-started: World War II R&D and the takeoff of the US innovation system. American Economic Review, 113(12), 3323-3356.

• Hvide, H. K., & Jones, B. F. (2018). University innovation and the professor’s privilege. American Economic Review, 108(7), 1860-1898.

• Kerr, W. R. (2020). The gift of global talent: Innovation policy and the economy. Innovation Policy and the Economy, 20(1), 1-37.

• Marx, M., Strumsky, D., & Fleming, L. (2009). Mobility, skills, and the Michigan non- compete experiment. Management Science, 55(6), 875-889.

• Sampat, B., & Williams, H. L. (2019). How do patents affect follow-on innovation? Evidence from the human genome. American Economic Review, 109(1), 203-236.

Exam (100%), duration: 120 Minutes, reading time: 15 minutes in the Spring exam period.