Economics of Innovation

Joakim Wikström
VATT Institute for Economic Research

My research examines innovation—the production of ””useful ideas””—a key driver of long-run economic growth.

My work speaks to fundamental questions about growth and innovation, while also informing the design of specific institutions.

In ongoing work, I investigate how patents may dampen the future creativity of corporate inventors, and how job loss affects workers’ propensity to invent. In an early-stage project, we plan to study how R&D grants shape the careers of inventive labour, their reallocation across firms, and the likelihood of becoming an inventor. I also study how consensus standards (such as the internet and Bluetooth) are created, and how the patent system creates tensions in this process.

Empirically, I draw on Finnish registry data linked to patents, alongside publicly available datasets on patents and technology standards.

Programme

Find out the research institutes that implement the Programme and where to find open positions.

Progress

Great start for the Programme! The first 36 postdoctoral researchers have been recruited and started their work. Half of them relocated to Finland from abroad.
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