The conversation between human and AI assistant.
What can policy makers do to raise productivity and living standards? How can technological progress help policymakers to improve productivity and living standards?
Can you give me an example of a policy that could encourage the development of new technologies?
One example of a policy that could encourage the development of new technologies is tax credits for companies that invest in research and development. Another example is funding for public-private partnerships that focus on developing new technologies in specific areas such as energy or healthcare. Additionally, reducing regulatory barriers to innovation can also encourage the development of new technologies.