Innovation
Authors
News Type
News
Date
Paragraphs

The COVID-19 pandemic has disrupted economies and expectations for economic growth and development the world over. But even before the pandemic, Asian economies were reassessing their growth strategies.

In a podcast conversation about the new edited volume Shifting Gears in Innovation Policy: Strategies from Asia, APARC's Korea Program Deputy Director Yong Suk Lee discusses some of the impediments Asian countries face in trying to encourage economic development and entrepreneurship, but also the inherent strengths that could allow innovative strategies take hold and grow in East Asia. Listen to the full conversation below.

[Subscribe to APARC's newsletters to get the latest updates from our scholars.]

Edited by Lee, Gi-Wook Shin, and Takeo HoshiShifting Gears in Innovation Policy is the first of three volumes resulting from APARC's Stanford Asia-Pacific Innovation project that produces policy research to promote innovation and entrepreneurship in East Asia and the greater Asia-Pacific region.

Lee explains, “Many Asian countries achieved economic growth by importing new technologies from advanced economies like the U.S., using them very effectively, and then expanding exports. But now where East Asia stands, many of these countries have already successfully caught up to the technological frontier of advanced economies, so if they want to maintain growth, there needs to be a shift in their strategies.”

The shift Lee and the other volume authors propose is one towards economic growth that is driven by innovation and entrepreneurship rather than the ‘catch-up’ model that Asian economies have commonly relied on. Unlike startup hubs such as the San Francisco Bay Area of California, Asian countries often lack an entrepreneurial tradition because of antagonistic financial structures and differences in cultural definitions of success. These additional financial and social risks have cast entrepreneurial endeavors in an unattractive light for multiple generations of workers.

But encouraging entrepreneurship and endemic innovation are crucial to maintaining stable economic growth. With rapidly aging populations, greater interconnections in both trade and diplomacy, and transformation in the workforce, workplace, and work itself, effectively adapting development strategies to meet present and future challenges remains a central priority for East Asia policymakers and innovators alike. As Lee advises, “There’s strong infrastructure in East Asia, both physically and digitally, which is a great advantage. But they’re now at a frontier with no trajectory to follow, and there needs to be indigenous growth and continuous innovation in order to not be surpassed by competitors.”

Read More

Stanford students participate in class.
News

University Entrepreneurship Programs May Not Increase Entrepreneurship Rates, Stanford Researchers Find

A study by Yong Suk Lee, the deputy director of APARC’s Korea Program, and Management Science and Engineering professor Charles Eesley investigates the efficacy of two major Stanford entrepreneurship education initiatives, suggesting they may not increase entrepreneurial activity.
University Entrepreneurship Programs May Not Increase Entrepreneurship Rates, Stanford Researchers Find
Stanford campus, main quad with cloudy sky
News

APARC Offers Fellowship and Funding Opportunities to Support, Diversify Stanford Student Participation in Contemporary Asia Research

The Center has launched a suite of offerings including a predoctoral fellowship, a diversity grant, and research assistant internships to support Stanford students interested in the area of contemporary Asia.
APARC Offers Fellowship and Funding Opportunities to Support, Diversify Stanford Student Participation in Contemporary Asia Research
A man with interacts with 'Emiew,' a humanoid robot.
News

“Co-Bots,” Not Overlords, Are the Future of Human-Robot Labor Relationships

Yong Suk Lee and Karen Eggleston’s ongoing research into the impact of robotics and AI in different industries indicates that integrating tech into labor markets adjusts, but doesn’t replace, the long-term roles of humans and robots.
“Co-Bots,” Not Overlords, Are the Future of Human-Robot Labor Relationships
All News button
1
Subtitle

Yong Suk Lee explains in the new volume, Shifting Gears in Innovation Policy, that while ‘catch-up’ strategies have been effective in promoting traditional economic growth in Asia, innovative policy tools that foster entrepreneurship will be needed to maintain competitiveness in the future.

-

This is a virtual event. Please click here to register and generate a link to the talk. 
The link will be unique to you; please save it and do not share with others.

The past decade has witnessed a great digital transformation in China. In 2006, China’s online retail sales were merely 3% of U.S. sales. China now hosts the world’s largest e-commerce retail market with a 40% share of global sales. Mobile pay has taken the country by storm so that even beggars are accepting alms through QR codes. What accounts for the leapfrog development in China’s e-commerce market? What are the larger implications of the rise of this 700-million-user online market? This talk will discuss the institutional foundation of China's giant e-commerce market, as well as its political and economic effects.

This event is part of Shorenstein APARC's winter webinar series "Asian Politics and Policy in a Time of Uncertainty."



Image
Portrait of Lizhi Liu
Lizhi Liu is an Assistant Professor in the McDonough School of Business and a faculty affiliate of the Department of Government. Her research specializes in the politics of trade, technology and innovation, and the political economy of China. Her work has been published by American Economic Review: Insights and Minnesota Law Review, and has been funded by numerous institutions, including the Bill and Melinda Gates Foundation, Weiss Family Program Fund, and the Stanford Institute for Innovation in Developing Economies. She received the 2020 Ronald H. Coase Best Dissertation Award from the Society for Institutional and Organizational Economics (SIOE), and the 2019 Best Dissertation Award in the area of Information Technology and Politics by American Political Science Association (APSA). 

Via Zoom Webinar. Register at: https://bit.ly/38yUFdn

Lizhi Liu Assistant Professor, McDonough School of Business, Georgetown University
Seminars
Paragraphs
Cover of the book 'Shifting Gears in Innovation Policy' on the background of an embossed map of Asia.
|

In the six Asian countries focused on in this book—China, India, Japan, Singapore, South Korea, and Taiwan—high economic growth has been achieved in many industrial sectors, the catch-up phase of growth has ended or is about to end, and technological frontiers have been reached in many industries. These countries can no longer rely on importing or imitating new technology from abroad and expanding imports, and instead have to develop their own innovations to maintain growth. The policy tools they often used to advance "innovation," for the most traditional industrial policies of identifying promising industries and promoting them, will no longer be effective. And indeed, governments in Asia have recently put forward new policies, such as China's push for mass entrepreneurship and innovation.

Domestic conditions in Asian economies have also started to change. Many countries are facing rapidly aging populations and low birth rates: Japan’s population, declining for several years, is the first population decline not caused by war or disease in the modern world; South Korea’s labor force started to shrink in 2018 as well; China’s huge population will start to age, even as a large part of the population remains poor.

Facing these challenges, today Asia is at a turning point. East Asia as a whole has greater real economic output than North America, South and Southeast Asia possess enormous economic potential due to size and resources, and countries within Asia are becoming more connected in both trade and diplomacy. It is at this juncture that the authors of Shifting Gears examine and reassess Asia’s innovation and focus on national innovation strategies and regional cluster policies that can promote entrepreneurship and innovation in the larger Asia-Pacific. Chapters explore how institutions and policies affect incentives for innovation and entrepreneurship; whether Asia's innovation systems are substantially different from those of other countries, and in which ways, and whether there are any promising strategies for promoting innovation.

Desk, examination, or review copies can be requested through Stanford University Press.

Front Matter and Introduction
Download pdf
All Publications button
1
Publication Type
Books
Publication Date
Subtitle

Strategies from Asia

Authors
Yong Suk Lee
Gi-Wook Shin
Takeo Hoshi
Book Publisher
Shorenstein APARC
Paragraphs

Yong Suk Lee and Charles Eesley examine how university entrepreneurship programs affect entrepreneurial activity using a unique entrepreneurship‐focused survey of Stanford alumni. OLS regressions find a positive relationship between program participation and entrepreneurship activities. However, endogeneity hinders causal interpretation. They utilize the fact that the entrepreneurship programs were implemented at the school level.

Using the introduction of each school's program as an instrument for program participation, they find that the Business School program has a negative to zero impact on entrepreneurship rates. Participation in the Engineering School program has no impact on entrepreneurship rates. However, the Business School initiative decreases startup failure and increases firm revenue. University entrepreneurship programs may not increase entrepreneurship rates, but help students better identify their potential as entrepreneurs and improve the quality of entrepreneurship.

All Publications button
1
Publication Type
Journal Articles
Publication Date
Journal Publisher
Strategic Management Journal
Authors
Yong Suk Lee
Authors
Noa Ronkin
News Type
News
Date
Paragraphs

Entrepreneurship classes and programs in colleges around the world have proliferated over the last quarter of a century, yet the literature examining the impacts and effectiveness of such initiatives is still relatively sparse and limited. Do these initiatives make a difference in the long-term entrepreneurial activity and success of their students and alumni?

Yong Suk Lee, SK Center Fellow and APARC’s Korea Program deputy director, and Charles Eesley, an associate professor and W.M. Keck Foundation Faculty Scholar at Stanford’s Department of Management Science and Engineering, have been collaborating on research that aims to fill in some of the information gaps in assessing the efficacy of entrepreneurship education programs.

In a new article published in Strategic Management Journal, Lee and Eesley examine the entrepreneurship consequences of Stanford University’s two major entrepreneurship education programs that were founded in the mid-1990s. Their findings are sobering but offer lessons for improving such efforts. Lee provides a synopsis of their findings in the video below.

[Sign up for our newsletters to get the latest updates from our scholars.]

Using a unique entrepreneurship-focused survey of Stanford alumni, Lee and Eesley investigated how the Stanford Center for Entrepreneurial Studies (CES) at the Business School and the Stanford Technology Ventures Program (STVP) at the Engineering School affect entrepreneurial activity. They administered the survey to a well-defined population of comparable individuals from multiple industries, in total generating 27,783 responses. Respondents reported information on their entrepreneurial status, participation in angel investing and venture capital, and on the founding, duration, and success of start-up ventures. Respondents also indicated to what degree, if any, they had participated in the CES or STVP programs.

The survey results reveal that overall participation in the Stanford Business School CES had a negative to zero impact on entrepreneurship rates and participation in the Engineering School STVP had no impact on entrepreneurship rates. However, the data suggests that participation in the Business School initiative decreased startup failure and increased firm revenue in the long-term. “University entrepreneurship programs may not increase entrepreneurship rates,” Lee and Eesley conclude, “but help students better identify their potential as entrepreneurs and improve the quality of entrepreneurship.”

These findings provide important context to broader questions about entrepreneurship development and incubation, such as whether entrepreneurship is an intrinsic or acquired trait, and as such, whether firms should seek to develop entrepreneurial capabilities internally or acquire them from external sources. This question equally concerns universities and the strategies institutions of higher education employ to foster entrepreneurial talent.

Lee and Eesley note that it is important to take into account variation in entrepreneurship training programs in course content, emphasis, and other dimensions. Their research suggests that general entrepreneurship education that targets a broader spectrum of startups, rather than one that solely focuses on technology startups, may be more effective in reducing the uncertainty in entrepreneurial ability or improving startup performance.

These findings may generalize to other samples of selective-admission college-educated alumni, although there is certainly need for future work that explores the effects of entrepreneurship education in different institutional environments.

Read More

Stanford University landscape with Memorial Church and the Main Quad at the center.
Q&As

New Study Examines How Stanford Alumni’s Entrepreneurship Rates Differ by Ethnicity and Nationality

New Study Examines How Stanford Alumni’s Entrepreneurship Rates Differ by Ethnicity and Nationality
A man with interacts with 'Emiew,' a humanoid robot.
News

“Co-Bots,” Not Overlords, Are the Future of Human-Robot Labor Relationships

Yong Suk Lee and Karen Eggleston’s ongoing research into the impact of robotics and AI in different industries indicates that integrating tech into labor markets adjusts, but doesn’t replace, the long-term roles of humans and robots.
“Co-Bots,” Not Overlords, Are the Future of Human-Robot Labor Relationships
gettyimages 98590925
Blogs

U.S. Tech Companies Can Do More During the COVID-19 Outbreak

U.S. Tech Companies Can Do More During the COVID-19 Outbreak
All News button
1
Subtitle

A study by Yong Suk Lee, the deputy director of APARC’s Korea Program, and Management Science and Engineering professor Charles Eesley investigates the efficacy of two major Stanford entrepreneurship education initiatives, suggesting they may not increase entrepreneurial activity.

Authors
News Type
News
Date
Paragraphs

Friction between machines and humans has existed since the beginning of the automated industry and machine-assisted work. It’s a trend that fuels the imaginations of pop culture and political debates alike as people voice worries about the roles increasingly sophisticated robots and technology are taking in society and workplaces.

But is this concern warranted? According to APARC’s Yong Suk Lee, the deputy director of the Korea Program and the SK Center Fellow at FSI, and Karen Eggleston, the deputy director of APARC and the director of the Asia Health Policy Program, perhaps not. A recent article published by the Stanford Institute for Human-Centered Artificial Intelligence (HAI) highlights Lee and Eggleston’s ongoing research into innovative uses of technology across industries, particularly in healthcare. Their findings indicate that the adoption of robotics ultimately does more to augment and adjust, rather than outrightly replace, the role of human labor in the workplace.

What will ultimately matter is whether there will be entirely new occupations, what economists call the ‘reinstatement effect.’ Simply saying that robots lead to permanent job reductions isn’t the end of the story.
Yong Suk Lee
Deputy Director of the Korea Program

[Subscribe to our newsletters to stay up-to-date with the latest from our researchers.]

Lee studies the impacts of AI and robotics across multiple industries, including manufacturing, retail banking, and nursing homes. A trend he sees across most sectors following the adoption of robotics or AI is a positive increase in productivity. This has impacts for both the short-term and long-term relationships between humans and their robot coworkers, or “co-bots.” While it is true that the introduction of automation and robots initially replaces a significant number of workers in sectors such as manufacturing, over time, that impact reverses and there are job gains in many cases.

“The impact of robots often evolves over time from replacing human workers to augmenting them,” Lee explains, “and productivity gains [can] create opportunities for existing and new occupations.” This happens in a variety of ways. In some cases, the use of robotics and automation in one area frees up time, labor, and resources to employ more people in other, higher-skilled areas. In another situation, increases in productivity brought on by automation allow for greater company growth than would not have been possible otherwise. This, in turn, spurs the need to expand the workforce.

Alternatively, supplementing the labor of a small workforce with robotics and AI can also spread limited resources much farther. Lee and Eggleston’s studies of the impacts of robots on nursing home care in Japan repeatedly show that the use of robots positively increases the quality of service that oftentimes-understaffed care facilities can provide to the elderly and infirm. This can range from monitoring the physical condition of patients and reliably delivering medications to providing mental and emotional support to elderly residents through the use of robotic humanoid companions. Such innovative use of tech fills critical gaps that a human-only workforce would struggle to meet in a staffing shortage like Japan faces.

Looking to the future, Lee shares this perspective: “When the automobile was invented, we suddenly had a new demand for drivers. Now we’ll have to see if [automation] creates demand for other new occupations.” It’s an area of innovation and research he, Dr. Eggleston, and other Stanford researchers will be closely watching with their human eyes in the years to come.

Read the original article by Stanford HAI here >>

Read More

A communications robot named Pepper by Softbank
Q&As

Robots May Be the Right Prescription for Struggling Nursing Homes

Karen Eggleston and Yong Suk Lee speak to the Oliver Wyman Forum on how robotics and advancing technologies are helping staff in Japanese nursing homes provide better and safer care to their patients.
Robots May Be the Right Prescription for Struggling Nursing Homes
Cover image of the book "Healthy Aging in Asia", showing a smiling elderly Chinese woman with a cane standing in a small village.
News

New Book Highlights Policy Initiatives and Economic Research on Healthy Longevity Across Asia

Asia health policy expert Karen Eggleston’s new volume, ‘Healthy Aging in Asia,’ examines how diverse Asian economies – from Singapore and Hong Kong to Japan, India, and China – are preparing for older population age structures and transforming health systems to support patients who will live with chronic disease for decades.
New Book Highlights Policy Initiatives and Economic Research on Healthy Longevity Across Asia
Encina Courtyard
News

Call for Stanford Student Applications: APARC Hiring 2020-21 Research Assistants

To support Stanford students working in the area of contemporary Asia, the Shorenstein Asia-Pacific Center is offering research assistant positions for the fall, winter, and spring quarters of the 2020-21 academic year.
Call for Stanford Student Applications: APARC Hiring 2020-21 Research Assistants
All News button
1
Subtitle

Yong Suk Lee and Karen Eggleston’s ongoing research into the impact of robotics and AI in different industries indicates that integrating tech into labor markets adjusts, but doesn’t replace, the long-term roles of humans and robots.

Authors
Heather Rahimi
News Type
News
Date
Paragraphs

In July 2020 the Latif Jameel Poverty Action Lab (J-PAL) published a Policy Insight, Providing Information to Students and Parents to Improve Learning Outcomes, that looks at the learning gains that can be achieved through overcoming information asymmetries. This briefing is especially useful given our current climate where many schools remain closed and learning has been disrupted by the COVID-19 pandemic; it is a time when information dissemination and parental engagement is even more important than ever.

In this article, REAP’s five cited publications help shape the discourse around learning barriers children face globally. REAP studies that contributed to this Policy Insight include REAP’s work on anemia in school children and the analysis of drop-out rates in middle- and high-school students in rural China. However, like REAP’s approach, the Policy Insight highlights the need to address multiple barriers to improve learning outcomes across the world.

J-PAL Policy Insight Summary

Many children struggle to master basic skills despite a rise in school enrollment around the world. For instance, India’s 2018 Annual Status of Education Report (ASER) found that only about half of all grade 5 students in rural India could read a grade 2 text [3]. Assessments showed similar results in many other countries [28]. Programs providing information—about parents’ roles in education, school quality, students’ academic levels, students’ health problems, financial aid, and wage returns to education—attempt to address this lack of learning by making relevant information more available to parents and students.

Results from 23 randomized evaluations from low-, middle-, and high-income countries show that overcoming a gap in knowledge about education often increases parental engagement, student effort, or both, leading to improved learning outcomes. Almost all of the programs in this insight led to an increase in parental involvement or student motivation, which led to small to medium increases in learning. However, disseminating information has not improved learning levels when key health, financial, or structural barriers persist that information alone cannot overcome or when the information is discouraging, rather than encouraging, to students.

Because information-based interventions are typically very low cost and have been effective in many contexts, policymakers interested in increasing learning outcomes should consider if there are gaps in parent or student knowledge that they can overcome. 

Read the full Policy Insight here.

Read More

ECD Kids at Center
Q&As

Scope: Tackling Caregiver Depression in Rural China: A Q&A

Scope: Tackling Caregiver Depression in Rural China: A Q&A
ChineseHighSchool
News

Bloomberg: To Conquer World, China Needs to Get Smarter

Bloomberg: To Conquer World, China Needs to Get Smarter
All News button
1
Authors
News Type
News
Date
Paragraphs

In combating poverty, like any fight, it’s good to know the locations of your targets.

That’s why Stanford scholars Marshall BurkeDavid Lobell and Stefano Ermon have spent the past five years leading a team of researchers to home in on an efficient way to find and track impoverished zones across Africa.

The powerful tool they’ve developed combines free, publicly accessible satellite imagery with artificial intelligence to estimate the level of poverty across African villages and changes in their development over time. By analyzing past and current data, the measurement tool could provide helpful information to organizations, government agencies and businesses that deliver services and necessities to the poor.

Details of their undertaking were unveiled in the May 22 issue of Nature Communications.

“Our big motivation is to better develop tools and technologies that allow us to make progress on really important economic issues. And progress is constrained by a lack of ability to measure outcomes,” said Burke, a faculty fellow at the Stanford Institute for Economic Policy Research (SIEPR) and an assistant professor of earth system science in the School of Earth, Energy & Environmental Sciences (Stanford Earth). “Here’s a tool that we think can help.”

Lobell, a senior fellow at SIEPR and a professor of Earth system science at Stanford Earth, says looking back is critical to identifying trends and factors to help people escape from poverty.

“Amazingly, there hasn’t really been any good way to understand how poverty is changing at a local level in Africa,” said Lobell, who is also the director of the Center on Food Security and the Environment and the William Wrigley Fellow at the Stanford Woods Institute for the Environment. “Censuses aren’t frequent enough, and door-to-door surveys rarely return to the same people. If satellites can help us reconstruct a history of poverty, it could open up a lot of room to better understand and alleviate poverty on the continent.”

The measurement tool uses satellite imagery both from the nighttime and daytime. At night, lights are an indicator of development, and during the day, images of human infrastructure such as roads, agriculture, roofing materials, housing structures and waterways, provide characteristics correlated with development.

Then the tool applies the technology of deep learning – computing algorithms that constantly train themselves to detect patterns – to create a model that analyzes the imagery data and forms an index for asset wealth, an economic component commonly used by surveyors to measure household wealth in developing nations.

The researchers tested the measuring tool’s accuracy for about 20,000 African villages that had existing asset wealth data from surveys, dating back to 2009. They found that it performed well in gauging the poverty levels of villages over different periods of time, according to their study.

Here, Burke – who is also a center fellow at the Stanford Woods Institute for the Environment and the Freeman Spogli Institute for International Studies – discusses the making of the tool and its potential to help improve the well-being of the world’s poor.

 

Why are you excited about this new technological resource?

For the first time, this tool demonstrates that we can measure economic progress and understand poverty interventions at both a local level and a broad scale. It works across Africa, across a lot of different years. It works pretty darn well, and it works in a lot of very different types of countries.

 

Can you give examples of how this new tool would be used?

If we want to understand the effectiveness of an anti-poverty program, or if an NGO wants to target a specific product to specific types of individuals, or if a business wants to understand where a market’s growing – all of those require data on economic outcomes. In many parts of the world, we just don’t have those data. Now we’re using data from across sub-Saharan Africa and training these models to take in all the data to measure for specific outcomes.

 

How does this new study build upon your previous work?

Our initial poverty-mapping work, published in 2016, was on five countries using one year of data. It relied on costly, high-resolution imagery at a much smaller, pilot scale. Now this work covers about two dozen countries – about half of the countries in Africa – using many more years of high-dimensional data. This provided underlying training datasets to develop the measurement models and allowed us to validate whether the models are making good poverty estimates.

We’re confident we can apply this technology and this approach to get reliable estimates for all the countries in Africa.

A key difference compared to the earlier work is now we’re using completely publicly available satellite imagery that goes back in time – and it’s free, which I think democratizes this technology. And we’re doing it at a comprehensive, massive spatial scale.

 

How do you use satellite imagery to get poverty estimates?

We’re building on rapid developments in the field of computer science – of deep learning – that have happened in the last five years and that have really transformed how we extract information from images. We’re not telling the machine what to look for in images; instead, we’re just telling it, “Here’s a rich place. Here is a poor place. Figure it out.”

The computer is clearly picking out urban areas, agricultural areas, roads, waterways – features in the landscape that you might think would have some predictive power in being able to separate rich areas from poor areas. The computer says, ‘I found this pattern’ and we can then assign semantic meaning to it.

These broader characteristics, examined at the village level, turn out to be highly related to the average wealth of the households in that region.

 

What’s next?

Now that we have these data, we want to use them to try to learn something about economic development. This tool enables us to address questions we were unable to ask a year ago because now we have local-level measurements of key economic outcomes at broad, spatial scale and over time.

We can evaluate why some places are doing better than other places. We can ask: What do patterns of growth in livelihoods look like? Is most of the variation between countries or within countries? If there’s variation within a country, that already tells us something important about the determinants of growth. It’s probably something going on locally.

I’m an economist, so those are the sorts of questions that get me excited. The technological development is not an end in itself. It’s an enabler for the social science that we want to do.

In addition to Burke, Lobell and Ermon, a professor of computer science, the co-authors of the published study are Christopher Yeh and Anthony Perez, both computer science graduate students and research assistants at the Stanford King Center on Global Development; Anne Driscoll, a research data analyst, and George Azzari, an affiliated scholar, both at the Center on Food Security and the Environment at Stanford; and Zhongyi Tang, a former research data analyst at the King Center. This research was supported by the Data for Development initiative at the Stanford King Center on Global Development and the USAID Bureau of Food Security. To read all stories about Stanford science, subscribe to the biweekly Stanford Science Digest.

Media Contacts

Adam Gorlick, Stanford Institute for Economic Policy Research: (650) 724-0614, agorlick@stanford.edu

All News button
1
Subtitle

A new tool combines publicly accessible satellite imagery with AI to track poverty across African villages over time.

-

This event is available through livestream only. Please register in advance for the webinar by using the link below.

REGISTRATION LINKhttps://bit.ly/2ziVGY2

 

Japan's startup ecosystem has matured dramatically over the past decade, with greater societal legitimacy, business success, and government support than most observers would have expected 20 years ago. Despite the challenging times ahead with the global pandemic, Japan's startup ecosystem is still poised to inject flexibility and innovation in a system often criticized as too rigid. This panel brings together scholars who have studied and participated in the ecosystem, and one of the key government officials pushing policy supporting the startup ecosystem. 

PANELISTS

Image
Headshot of Masahiro Kotosaka
Masahiro Kotosaka, Associate Professor, Keio University
 
Masahiro Kotosaka is an Associate Professor at Keio University and advisor to several global start-up companies. Before moving to Keio, he was a faculty at Ritsumeikan, a junior faculty at University of Oxford, and was a consultant at McKinsey & Company (Frankfurt/Tokyo). As a practitioner, he worked for sixteen client organizations across nine industries and nine countries, and spent four years running three profitable IT/Retail businesses before joining McKinsey. He graduated from University of Oxford with D.Phil. (PhD) in Management Studies and MSc in Management Research with Distinction.

Image
ishii headshot 2

Yoshiaki Ishii, Director of Science, Technology and Innovation, Cabinet Office, Government of Japan

Since getting his start at the government's Small and Middle Enterprise Agency, Dr. Yoshiaki Ishii has shaped his career almost exclusively around supporting young companies and enhancing innovation. Now, he is the director of the Cabinet Office and responsible for determining how to execute the government's mission of supporting deep tech start-ups and creating an innovation ecosystem. Previously, he served as director of the New Business Policy Office, Economic and Industrial Policy Bureau, METI. He has demonstrated expertise in Small and Medium-sized Enterprises (SME), and Venture Business Policy, Industrial Organisation, and Innovation Policy. Dr. Ishii earned his PhD from Waseda University, in 2012, after completing an MBA at Aoyama Gakuin, in 2000.

Image
Portrait of Kenji Kushida
Kenji Kushida, Research Scholar, Shorenstein APARC Japan Program (Moderator)
 
Kenji E. Kushida is a Japan Program Research Scholar at the Walter H. Shorenstein Asia-Pacific Research Center and an affiliated researcher at the Berkeley Roundtable on the International Economy. Kushida’s research interests are in the fields of comparative politics, political economy, and information technology. He has four streams of academic research and publication: political economy issues surrounding information technology such as Cloud Computing; institutional and governance structures of Japan’s Fukushima nuclear disaster; political strategies of foreign multinational corporations in Japan; and Japan’s political economic transformation since the 1990s. Kushida has written two general audience books in Japanese, entitled Biculturalism and the Japanese: Beyond English Linguistic Capabilities (Chuko Shinsho, 2006) and International Schools, an Introduction (Fusosha, 2008). Kushida holds a PhD in political science from the University of California, Berkeley. He received his MA in East Asian studies and BAs in economics and East Asian studies, all from Stanford University.

Virtual Webinar Via Zoom.

Registration Link: https://bit.ly/2ziVGY2

Yoshiaki Ishii, Government of Japan
Masahiro Kotosaka, Keio University
Kenji Kushida, Stanford University
Seminars
-

Many observers, and many investors, believe that young people are especially likely to produce the most successful new firms. Integrating administrative data on​ firms, workers, and owners, we study startups systematically in the U.S. and find​ that successfull entrepreneurs are middle-aged, not young. The mean age at​ founding for the 1-in-1,000 fastest growing new ventures is 45.0. The findings are​ similar when considering high-technology sectors, entrepreneurial hubs, and​ successful firm exits. Prior experience in the specific industry predicts much greater​ rates of entrepreneurial success. These findings strongly reject common hypotheses​ that emphasize youth as a key trait of successful entrepreneurs.

Speaker:

Image
dsc 0355 javier miranda

Javier Miranda, Principal Economist, Economy-Wide Statistics Division, US Census Bureau

Bio:

Javier Miranda is Principal Economist at the U.S. Census Bureau where he began his career in 1998. Javier received his Ph.D. in Economics from American University in 2004. Previous to joining the Census Javier was a research consultant at the World Bank and the Urban Institute. Javier has published papers in the areas of industrial organization, technological change, job creation, entrepreneurship and firm financing. Among his publications are articles in the American Economic Review, Journal of Economic Literature, American Economic Journal Macroeconomics, Review of Economic and Statistics, IMF Review, World Bank Economic Review, Journal of Business Valuation and Economic Loss, NBER Macroeconomics Annual, and multiple books and chapters.  Javier received the Director's Award for Innovation (2007) and the U.S. Department of Commerce Bronze Medal (2011). His contributions to data infrastructure are notable. Javier Miranda is responsible for the development of the Longitudinal Business Database and the Business Dynamics Statistics and is the Synthetic Longitudinal Business Database v3. Together with the USPTO Javier has led the development the Business Dynamics Statistics of Innovative Firms a longitudinal database of firms, patents, and inventors. Javier Miranda is also President of the Board of SEM an adult education and job readiness program designed to address the root causes of poverty, illiteracy, and violence in Washington DC.

Advisory on Novel Coronavirus (COVID-19)

In accordance with university guidelines, if you (or a spouse/housemate) have returned from travel to mainland China or South Korea in the last 14 days, we ask that you DO NOT come to campus until 14 days have passed since your return date and you remain symptom-free. For more information and updates, please refer to the Stanford Environmental Health & Safety website: https://ehs.stanford.edu/news/novel-coronavirus-covid-19.

 

 

Javier Miranda, Principal Economist, Economy-Wide Statistics Division, US Census Bureau
Seminars
Subscribe to Innovation