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The success of the R&D tax credit shows that there can be a role for public policy in stimulating innovation and growth

Authors
Publisher
Blog post from London School of Economics & Political Science
Publication Date
Keywords
  • Hj Public Finance
  • Ja Political Science (General)
  • Jn101 Great Britain
  • T Technology (General)

Abstract

Competition and labour market flexibility are key for spurring productivity growth, but there are other ways in which policymakers can influence innovation more directly. John Van Reenen argues that tax credits for business spending on research and development can increase UK firms’ market value, productivity and innovation.

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