Business and investment

This paper investigates whether there is a convergence in Total Factor Productivity towards the technological frontier at the establishment level.

We investigate the geographic concentration and agglomeration of production activity in the UK at the four-digit industry level using a variety of measures.

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

This paper develops a general test of factor price equalization that is robust to unobserved regional productivity differences, unobserved region-industry factor quality differences and variation in production technology across industries.

We consider the impact of taxation when investors face a discrete choice between two or more mutually exclusive projects.

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 whether there is convergence in Total Factor Productivity towards the technological frontier at the establishment level.

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

This paper investigates the economic impact of the government’s proposed new UK R&D tax credit.

Policy makers in Europe have been concerned that lack of product market competition have led productivity to lag behind the US.

This paper describes the characteristics of manufacturing establishments in Britain over the period 1980 to 1996. Particular attention is paid to differences between plants of different ownership nationality.

This paper presents a unified model that integrates the theoretical literatue on Schumpeterian endogenous growth, the microeconometric literature on R&D and productivity, and the empirical literature on productivity convergence.

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.