we use data on market sector productivity, R&D and non-R&D intangible assets, and public sector R&D spending. We look for … civil or defence R&D. Our findings tentatively suggest that for maximum market sector productivity impact government … innovation policy should focus on direct spending on research councils. -- Intangible assets ; productivity ; R&D ; spillovers …

data on market sector productivity, R&D and non-R&D intangible assets, and public sector R&D spending. We look for evidence … or defence R&D. Our findings tentatively suggest that for maximum market sector productivity impact government innovation …