About the Authors

William Kerr, Ph.D.


William Kerr is an Associate Professor at Harvard Business School, where he has been on the faculty since 2005. Professor Kerr is a Research Fellow of the National Bureau of Economic Research (NBER) and Bank of Finland, has received several awards for his research papers, and serves on the editorial boards of multiple academic journals. He has worked extensively with the World Bank, Massachusetts Technology Leadership Council, and the National Science Foundation. Professor Kerr received his Ph.D. in Economics from MIT and his B.S. in Systems Engineering from the University of Virginia. Professor Kerr's research focuses on entrepreneurship and innovation. One research strand examines the role of immigrant scientists and entrepreneurs in U.S. technology development and commercialization, as well as the subsequent diffusion of new innovations to the immigrantsí home countries. A second research strand considers agglomeration and entrepreneurship, with special interest in how government policies aid or hinder the entry of new firms, cluster formation, and growth. A final interest area is entrepreneurial finance and angel investments.

Chad Moutray, Ph.D.


Chad Moutray is chief economist for the National Association of Manufacturers (NAM), where he serves as the NAMís economic forecaster and spokesperson on economic issues. Prior to joining the NAM, Dr. Moutray was the chief economist and director of economic research for the Office of Advocacy at the U.S. Small Business Administration (SBA) from 2002 to 2010. In that role, he was responsible for researching the importance of entrepreneurship to the U.S. economy and highlighting various issues of importance to small business owners, policymakers and academics. Prior to working at the SBA, Dr. Moutray was the dean of the School of Business Administration at Robert Morris College in Chicago, Ill. (now Robert Morris University of Illinois). He holds a Ph.D. in economics from Southern Illinois University at Carbondale and bachelorís and masterís degrees in economics from Eastern Illinois University.