Embracing an Innovation Stimulus Package by Betsy Masiello, Derek Slater :: SSRN

peter.suber's bookmarks 2012-07-17

Summary:

Abstract: Over the past several years, Google has partnered with a number of thought leaders to evaluate and quantify the Internet’s impact on the broader macro-economy. Our work has demonstrated that the Internet has a truly phenomenal impact on economic activity and opportunity, contributing to 21% of GDP growth across the G-20 from 2005-2010. However, since 2008 the global economy has fallen into a state of malaise. GDP growth is slowing worldwide and employment is stagnating as we enter a period some are calling “muddling through.” There is widespread recognition that neither a fiscal stimulus nor a prolonged period of austerity will truly remedy the situation. We believe there remain untapped opportunities to innovate across a range of critical macroeconomic activities by applying core characteristics of the Internet, which has been a source of such astounding innovation in the past decade. What we propose here will not be a panacea for our current economic ills, but by embracing the Innovation Stimulus Agenda we outline, we believe policymakers can move the economic needle in meaningful, positive and sustainable ways. [PS: At pp. 21-24 the authors argue that OA mandates create economic stimulus.]

Link:

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2104350

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Tags:

oa.new oa.economics_of oa.economic_impact

Authors:

petersuber

Date tagged:

07/17/2012, 11:56

Date published:

07/17/2012, 11:56