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| Title | Public Support for Innovation, Intangible Investment and Productivity Growth in the UK Market Sector |
| Author | Jonathan Haskel and Gavin Wallis |
| Year | 2010 |
| Abstract | Pressure on public finances has increased scrutiny of public support for innovation. We examine two particular issues. First, there have been many recent calls for the (relatively new) UK R&D subsidy to be extended to other research activities, such as software. Second, argument still rages about the efficacy of direct public spending on R&D via spending on academic research councils, universities and government undertaken work on civil and military R&D. To evaluate these questions, we use data on market sector productivity, R&D and non-R&D intangible assets, and public sector R&D spending. We look for evidence of spillovers from intangible investment and market sector productivity benefits from public R&D. We find (a) no evidence of spillover effects from intangible investment at the market sector level, including from R&D, (b) strong evidence of market sector productivity benefits from public R&D spend on research councils, and (c) no evidence of market sector benefits from spending on civil or defence R&D. Our findings tentatively suggest that for maximum market sector productivity impact government innovation policy should focus on direct spending on research councils. |
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| DownloadInfo | Public Support for Innovation, Intangible Investment and Productivity Growth in the UK Market Sector Further coverage: RCUK: http://www.rcuk.ac.uk/news/100316.htm and Imperial: http://www3.imperial.ac.uk/newsandeventspggrp/imperialcollege/newssummary/news_16-3-2010-13-6-57. From the FT: http://www.ft.com/cms/s/0/9df51c98-dc3b-11df-a9a4-00144feabdc0.html#axzz1LxftM6BK, October 20 2010 13:52. David Willetts (Minister of State for Universities and Science) speech, 9 July 2010, Royal Instituition, http://www.bis.gov.uk/news/speeches/david-willetts-science-innovation-and-the-economy |
| Remarks | Draft, please do not cite without authors permission. Comments welcome. |
| I | Attachment | Action | Size | Date | Who | Comment |
|---|---|---|---|---|---|---|
 pdf |
innovation_JHGW_09Dec09.pdf | manage | 135.5 K | 16 Dec 2009 - 12:11 | JonathanHaskel | |
| pdf |
innovation_JHGW_final_16Feb2010.pdf | manage | 108.9 K | 17 Feb 2010 - 10:18 | JonathanHaskel |
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