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The high-tech sector is concentrated in a small number of cities. The ten largest clusters in computer science, semiconductors, and biology account for 69 percent, 77 percent, and 59 percent of all US inventors, respectively. Using longitudinal data on 109,846 inventors, I find that geographical agglomeration results in significant productivity.
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High-tech industries are an important part of the U.S. economy, employing nearly 17 million workers in 2014. While this accounted for about 12 percent of total employment, the high-tech sector contributed almost 23 percent of output. According to a study funded by the Workforce Information Council, the high-tech sector can be defined as industries having high concentrations of workers in STEM.
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The BDS-High Tech is an experimental product of the U.S. Census Bureau. The BDS-HT was developed by the Center for Economic Studies (CES). The BDS-HT data are compiled from the Longitudinal Business Database ( LBD) and the High Tech industry classification. The LBD is a longitudinal database of business establishments and firms with coverage.
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Three states recorded average annual EPW in core high-tech industries above $100,000. California led the states and Washington, D.C. with an average annual EPW of $117,987, followed by Washington with $112,594 and New Jersey with $103,843. Virginia and Washington, D.C. completed the top five, with EPW above $95,000.
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Transforming the High Tech industry. Our latest Accenture study reveals eight trends that are triggering a new industry paradigm for High Tech. Evolving customer needs and macro-level shifts are spurring the need for technological evolution and operating model re-invention. The key imperatives for the CXO's are to focus on creating new value.
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During 2021-22, business expenditure on R&D was $20,642 million, up 14% from 2019-20. Business human resources devoted to R&D totalled 91,414 person years of effort. The Professional, scientific and technical services industry recorded the largest increase in R&D expenditure, up $871 million or 14%. 38% of total business R&D expenditure was in.
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High-tech employment fell from 13.5 million jobs in 2000, about 10.1 percent of all wage and salary jobs, to 12.3 million jobs in in 2003, about 9.3 percent of all wage and salary jobs. The high-tech sector was hit harder by the dot-com recession than other sectors of the economy.
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In 2018, the output value of the high-tech industry was 2,387.171 billion yuan, a year-on-year increase of 11.66%; the added value of the high-tech industry was 829.663 billion yuan, an increase of 12.73% year-on-year. Many of Shenzhen's science and technology enterprises have relied on innovation in science and technology to develop into.
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The high-tech sector's impact on the U.S. economy is strong; high-tech industries accounted for nearly 25 percent of total U.S. economic output in 2016. High-tech industries employed nearly 18.3 million Americans - 14.6 percent of all U.S. employment.1 In 2016, high-tech industries accounted for nearly $3.9 trillion in value-add, meaning.
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Some Facts of High-Tech Patenting. Michael Webb, Nick Short, Nicholas Bloom & Josh Lerner. Working Paper 24793. DOI 10.3386/w24793. Issue Date July 2018. Patenting in software, cloud computing, and artificial intelligence has grown rapidly in recent years. Such patents are acquired primarily by large US technology firms such as IBM, Microsoft.
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But the future of engineering in America is on the line. A more diverse group is needed and Atlanta's tech mecca hopes to meet that need. According to the U.S. Bureau of Labor Statistics, between 2016 and 2026 there has been and will be a shortfall of six million engineers, or more.
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The 2021 Census showed a rise in work and study in emerging fields of science and technology, the Australian Bureau of Statistics (ABS) said today. The number of people with an Information Technology qualification is now almost half a million (470,318), increasing by 36 per cent since 2016. The fastest growing qualification in Australia was.
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