Griffith, Rachel; Harrison, Rupert; Reenen, John Van - Institute for Fiscal Studies (IFS) - 2004
. Between countries, the growth of the UK R&D stock did not appear to have a major benefit for US firms who located R&D labs in … firmsÒ Total Factor Productivity would have been at least 5% lower in 2000 (about $14bn) in the absence of the US R&D growth … learn'. Within the UK, the benefits of technology sourcing were larger in industries whose TFP gap with the US was greater …