Nicolas Bloom

Slow growth over the last decade has prompted policy attention towards increasing R&D spending, often via the tax system.

The UK's decision to leave the EU in the 2016 referendum created substantial uncertainty for UK businesses. The nature of this uncertainty is different from that of a typical uncertainty shock because of its length, breadth and political complexity.

This paper investigates the relationship between product market competition and innovation. We find strong evidence of an inverted-U relationship using panel data.

This paper examines the impact of fiscal incentives on the level of R&D investment.

Analysing the new IFS-Leverhulme database on over 200 major British firms since 1968 we show that patents have an economically and statistically significant impact on firm-level productivity and market value.

This paper investigates the relationship between product market competition (PMC) and innovation.

This Election Briefing Note looks at the planned levels of borrowing for the three main parties.

This note examines the evidential basis for claims that UK investment is rising, and the broader picture on investment in the UK in recent years.

This Briefing Note reviews some of the major issues in the design and implementation of R&D tax credits. R&D tax credits have become a popular policy tool for encouraging R&D spending by business, with many countries offering subsidies of this form. Recent empirical evidence suggests that R&D tax credits are an effective instrument in stimulating additional R&D. However, in order to be desirable, a policy needs to be cost-effective and implementable.

In this paper we describe the IFS-Leverhulme patents dataset that we have constructed by combining information from the US Case-Western Patent database with UK company accounts and share price information from the London Stock Exchange.

This paper shows that, contrary to common beliefs, the real options effect of uncertainty plays no role in the long run rate of investment.

This paper examines the impact of fiscal incentives on the level of R&D investment.

This paper examines the impact of fiscal incentives on the level of R&D investment.

This paper examines the arguments for changing the ways that UK drug prices are regulated.

This paper describes the evolution of the tax treatment of investment in R&D