Downloads
fp214.pdf
PDF | 161.73 KB
Our current understanding of economic growth emphasises the role of new knowledge created by profit-seeking firms as a primary source of long-run growth in GDP and living standards. Firms engage in research and
development (R&D) in order to develop new products or to reduce the cost of
producing their existing products. They may also need to do R&D in order to
understand and absorb new knowledge created elsewhere. This emphasis on
the role of R&D is supported by a range of empirical evidence suggesting that
R&D expenditure is important for explaining productivity growth at the firm,
industry and country level.
Authors
Rupert Harrison
Journal article details
- Publisher
- Philip Allan
- Issue
- April 2004
Suggested citation
Harrison, R. (2004). 'R & D tax credits' (2004)
More from IFS
Understand this issue
It’s time to take a firmer grip on companies and competition law
comment
Globalisation, inequality, feeble productivity growth, earnings stagnation, the falling labour share of national income — the most important features of economic life. And one institution binds them together: the firm.
25 April 2022
Spring Budget 2024: What you need to know
podcast
IFS reaction to the Chancellor's Spring Budget.
7 March 2024
If you can’t see it, you can’t be it: role models influence female junior doctors’ choice of medical specialty
comment
Working alongside a greater share of senior women specialists during an early-career placement influences junior women’s own specialty choice.
24 April 2024
Policy analysis
Freeports: What are they? What do we know? And what will we know?
report
This report analyses the rationale for Freeports and what we can learn about their potential impact from past policies and a planned evaluation.
10 March 2023
Freeports and Investment Zones – what sorts of things should we consider when assessing whether they are good policy?
comment
We discuss the economic issues central to whether Freeports and Investment Zones are a good idea.
10 March 2023
UK outlook: why we need to do things differently
report
The UK is the talk of the town, and not in a good way.
11 October 2022
Academic research
Firms and inequality
book chapter
This chapter assesses inequality between firms in the UK.
3 March 2022
Technology, skills, and performance: the case of robots in surgery
working paper
This paper investigates the potential of new technologies to reduce disparities in the provision of healthcare services.
7 November 2022
Overconfidence and technology adoption in health care
working paper
We study the determinants of adoption in the case of implantable cardiac defibrillators, for which we document large differences across hospitals.
31 August 2022