Tax incentives for 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. Industrial research and development (R&D) expenditure as a proportion of GDP fell during the 1980s at a time when all other G7 countries increased the proportion of their output given over to R&D. This ratio is now lower in the UK than in most other G7 countries. If this world-wide trend toward more R&D indicates that industrial production is becoming increasingly science-based, then the UK may be in danger of becoming a relatively low-tech economy. One purpose of this article is to examine whether there is a rational basis for these fears.
Year of publication: |
1995
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Authors: | Griffith, Rachel ; Sandler, David ; Reenen, John Van |
Published in: |
Fiscal Studies. - Institute for Fiscal Studies (IFS). - Vol. 16.1995, 2, p. 21-44
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Publisher: |
Institute for Fiscal Studies (IFS) |
Saved in:
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