The economic significance of the UK science base: a report for the Campaign for Science and Engineering

The economic significance of the UK science base: a report for the Campaign for Science and Engineering
Document type
Discussion paper
Author(s)
Haskel, Jonathan; Hughes, Alan; Bascavusoglu-Moreau, Elif
Publisher
Imperial College Business School
Date of publication
1 April 2014
Subject(s)
Trends: economic, social and technology trends affecting business, Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship
Collection
Business and management
Material type
Reports

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This paper reports on some key indicators of the economic significance of the science base. It asks first what the effects of state funding of the science base are. In particular, asking how state funding of the science base in the UK affects private sector involvement, including the R&D location decisions of multinational firms. It then asks how public science funding affects private sector productivity. The authors find evidence that public sector funding of science is both consistent with the ‘crowding in’ of private sector investment in R&D and that its interaction with private sector R&D raises private sector productivity.

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