Griffith, Rachel; Sandler, David; Reenen, John Van - In: Fiscal Studies 16 (1995) 2, pp. 21-44
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...
