Governments are frequently concerned that firms are not conducting sufficient research and development (R&D). Throughout the 1990s, the level of business expenditure in the UK in this area, as a percentage of GDP, declined significantly relative to other G5 countries. This was mostly due to a reduction of intensity of R&D within manufacturing industries rather than a sectoral shift of activity towards low-R&D sectors.
Authors
![Laura Abramovsky](/sites/default/files/styles/square_desktop/public/2022-05/Laura_Abramovsky.jpg?itok=qe_6dffb)
Research Fellow Institute for Fiscal Studies
Laura is a Research Fellow at IFS. Her current work focuses on tax and social protection policy and programme evaluation in developing countries.
![Person graphic](/sites/default/files/styles/square_desktop/public/2022-06/IFS-person-graphic.png?itok=hWCtTSrz)
Rupert Harrison
Comment details
- Publisher
- IFS
Suggested citation
Abramovsky, L and Harrison, R. (2005). Tax credit for research [Comment] IFS. Available at: https://ifs.org.uk/articles/tax-credit-research (accessed: 8 July 2024).
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