Publications

Publications

New Ideas for a Do Something Congress No. 7: Winning the Global Race on Electric Cars

On Donald Trump’s watch, America is losing what is probably the most important new manufacturing opportunity in the world--the global race to produce affordable electric vehicles that people want to drive. The United States currently accounts for just 20 percent of global electric vehicle production, far behind China. Jumpstarting U.S. production and purchase of Electric…

Competition and Concentration: How the Tech/Telecom/Ecommerce Sector is Outperforming the Rest of the Private Sector

The U.S. economy almost certainly has a problem with rising market power. A bevy of recent economic studies show that concentration in many sectors of the economy has increased over the past 20-30 years. These increases in concentration have been convincingly linked to such economic ills as rising prices, weak productivity growth, stagnant real wages,…

Soaring Construction Costs Threaten Infrastructure Push

Throughout the 2016 presidential campaign, Donald Trump promised a massive infrastructure program financed primarily by the private sector. Trump’s 2018 budget proposed leveraging $200 billion in direct federal spending into $1 trillion in infrastructure investment through private sector incentives. However, President Trump recently retreated from this campaign pledge that private sector funding would be a…

Next-Gen Reactors: How Nuclear Innovation Can Support Growth and a Healthy Climate

The U.S. Supreme Court has put President Obama’s Clean Power Plan on hold while lower courts review challenges to the regulation. The ruling is a setback to Obama’s hopes of bypassing a hostile Republican majority in Congress and using his executive authority to require electric utilities to make big reductions in carbon emissions. At last…

Unleashing Innovation and Growth: A Progressive Alternative to Populism

As Americans choose a new president in 2016, populist anger dominates the campaign. To hear Donald Trump or Senator Bernie Sanders tell it, America is either a global doormat or a sham democracy controlled by the “one percent.” These dark narratives are caricatures, but they do stem from a real dilemma: America is stuck in…

Innovation in a Rules-Bound World: How Regulatory Improvement Can Spur Growth

Economists and policymakers are always lauding innovation. In its purest form, innovation is like a free lunch: it boosts growth and incomes, creates good jobs, and opens up new possibilities for social reform and social mobility. Today, innovation is needed more than ever. Productivity growth has been slowing in recent years. The 10-year growth rate…

Dynamic Scoring and Infrastructure Spending

We review recent trends in federal infrastructure spending and the policy case for dynamic scoring of revenue and spending legislation. The use of dynamic scoring depends upon the magnitudes of near‐term impacts on economy‐wide spending and the long‐run impacts on productivity. We conclude that federal infrastructure investment should be dynamically scored. A simple example suggests…

A Bottom Up Approach to Reducing U.S. Carbon Emissions

With last year’s landmark U.S.-China agreement on climate change, the Obama administration has raised the bar for America when it comes to reducing greenhouse gas emissions (GHG). That deal set new targets for reducing emissions by 26—28 percent (from 2005) levels by 2025, well above the previous pledge of 17 percent by 2020. Given implacable…

Pipeline Politics: The Keystone Distraction

The decision by Senate and House Republicans to make approval of the Keystone XL Pipeline their first legislative priority has a decidedly retro feel. Much has changed since the Keystone project was first proposed in 2008. Most important is America’s shale oil and gas boom, which has contributed to a sharp drop in global oil…

U.S. Investment Heroes of 2014: Investing at Home in a Connected World

In this era of globalization, goods, services, money, people, and data all cross national borders with ease. Indeed, connectedness to the rest of the world is now essential for the data-driven economy we find ourselves in to thrive. It follows that our tax, trade, immigration, and regulatory policies must be oriented to encourage that connectedness.…
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