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November 26, 2005



Probably the best and most relevant stuff I have read on this is from AIM - the Advanced Institute of Management Research. Unfortunately and not the vague platitudes of management they focus on but rather in depth economic and econometric analysis.


Much points to the UK sectoral mix as to blacm for low productivity spending - i.e. servces. But its also much harder to measure services R&D too, as opposed to manufacturing R&D.

In fact more here...


You are right - there could be cyclical effects at work too.

The report actually looks at enterprise R&D - effectively private sector R&D and not public R&D (GERD) so Gordon Brown is not directly spending the R&D bucks.

you are right - low productivity is bad news for all of us. The chance to dish dirt on Gordon Brown is too much temptation to bear for the the media.

The IFS also did some great pre-election briefing papers on productivity which are very accessible.

The UK productivity gap is big and doesn't get much better. Despite the favourable economic restructuring and climate as you say, the UK achieves US style environment for productivity gains, but unlike the US just doesn't achieve it.

Some real debate would be welcome.

Chris Williams

Hang on, I thought that David Edgerton had demonstrated that there is little or no correlation between R&D spending and economic growth, when compared transnationally for the c. 1945-c.1980 period. Or did I get the wrong end of the stick about that, 'n all?

ObLeicesterReference: It's raining in Leicester.

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