Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/36036
Authors: 
Haskel, Jonathan
Wallis, Gavin
Year of Publication: 
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

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