Tag Archives for R&D

The Coming Crisis: Is the long-predicted crisis in China finally coming?

Matthew Bishop

A gathering storm is visible on the Chinese horizon, yet the country seems better prepared to ride it out than many predict. China has apparently been on the cusp of a crisis for decades. In the 1990s, as industrialisation gathered momentum, neoliberal economists regularly advocated ‘shock therapy’ of the kind undertaken disastrously by Russia as a way of staving it … Continue reading

4 May 2016 by
Categories: China, Development, Economics, Finance, SPERI Comment, The coming crisis | Tags: , , , , | Leave a comment

How does low access to finance affect innovation?

Georgios Efthyvoulou

A major new study highlights the barriers to innovation that face firms from across Europe There is ample evidence in the economics literature that achieving sustained long-term productivity and economic growth is intrinsically linked to investment in research and development (R&D) and innovation activity (i.e. through the introduction of new or significantly improved goods and services). However, due to the … Continue reading

24 March 2016 by
Categories: Europe and the EU, Politics and policy, SPERI Comment | Tags: , , , , , , , , | Leave a comment

Innovation, research and the UK’s productivity crisis

Richard Jones

Continuing on our current path of stagnating productivity and stagnating innovation isn’t inevitable: it’s a political choice The UK is in the midst of an unprecedented peacetime slowdown in productivity growth.  Labour productivity – the economic output produced per hour worked – has, for many decades, grown steadily at 2.3% a year.  All that changed in 2007, since when it … Continue reading

23 September 2015 by
Categories: British growth crisis, Development, Economics, Environment, Finance, Global crisis, SPERI Comment | Tags: , , , , | Leave a comment

Rebuilding the UK’s innovation economy

Richard Jones

Three steps could be taken immediately by the present or a future UK government The weak link in the UK’s innovation economy is that too little is spent by the private sector on research and development.  As a fraction of GDP, this spending now stands at 1.09%, compared to Germany, say, at 1.94%.   The UK’s investment is dwarfed to an … Continue reading

11 November 2014 by
Categories: British growth crisis, Business, Economics, Politics and policy, SPERI Comment, Tax | Tags: , , , , | Leave a comment