R&D; and Productivity in the UK: evidence from firm-level data in the 1990s.
The UK’s business R&D; (BERD) to GDP ratio is low compared to other leading economies, and the ratio has slowly declined over the 1990s. This paper uses data on large UK firms to analyse the link between R&D; and productivity over the 1989-2000 period. Using a production function approach, and a sample of up to 719 firms, various different samples and estimators are used to assess the elasticity of, and rate of return to, R&D.; The results indicate that UK returns to R&D; are ...Expand abstract
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