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http://hdl.handle.net/10419/36036
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| Title: | | Public support for innovation, intangible investment and productivity growth in the UK market sector  |
| Authors: | | Haskel, Jonathan Wallis, Gavin |
| Issue Date: | | 2010 |
| Series/Report no.: | | IZA Discussion Papers 4772 |
| 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 market sector spillovers from intangible investment and 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 spillovers from public R&D spend on research councils, and (c) no evidence of market sector spillovers from public 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. |
| Subjects: | | Intangible assets productivity R&D spillovers |
| JEL: | | O47 E22 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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