Innovation, Economic Growth, Economic Recession, Investment in education
Matthew L. Daley
This paper will be examining factors that may have contributed to past economic recessions, particularly in the US, by looking at levels of both financial innovation and physical innovation, as well as research and development. The paper will take a deeper look into how previous economic recessions happened, how the changes in the level of innovation played a part in those recessions, why innovation levels change so much, and what can be done to eliminate the variation of innovation to help stabilize economic output.
Macchiarolo, Samuel, "Innovation in the Economy: An Examination of the Role of Innovation on Economic Growth" (2023). Honors Projects. 913.