STEM

This paper investigates the economic impact of the government’s proposed new UK R&D tax credit.

This paper presents a unified model that integrates the theoretical literatue on Schumpeterian endogenous growth, the microeconometric literature on R&D and productivity, and the empirical literature on productivity convergence.

This Briefing Note reviews some of the major issues in the design and implementation of R&D tax credits. R&D tax credits have become a popular policy tool for encouraging R&D spending by business, with many countries offering subsidies of this form. Recent empirical evidence suggests that R&D tax credits are an effective instrument in stimulating additional R&D. However, in order to be desirable, a policy needs to be cost-effective and implementable.

In this paper we describe the IFS-Leverhulme patents dataset that we have constructed by combining information from the US Case-Western Patent database with UK company accounts and share price information from the London Stock Exchange.

This note looks at how the government might use policy to increase the amount of R&D done in the UK.

Many writers have claimed that R&D has two 'faces'.

This paper examines the impact of fiscal incentives on the level of R&D investment.

In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD countries since 1970.nonpara-metric statistical tests of stochastic dominance criteria to bivariate distributions.

This paper examines the impact of fiscal incentives on the level of R&D investment.

This paper examines the empirical relationship between technological innovations, market share and stock market value.

This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in two countries between 1985 and 1994.

The role of financial institutions and corporate governance in the conduct and performance of industrial firrm, especially in the area of technological innovation and international competition has been hotly debated in the recent past.

This paper describes the evolution of the tax treatment of investment in R&D

A long-standing concern surrounding the performance of the UK economy is its perceived failure to maintain the same technological pace as its competitors.

The increasing relative size of the local government sector over the last thirty five years is reasonably well known.