Technological innovation and economic performance in the United Kingdom

Nickell, S. J. and Van Reenen, John ORCID: 0000-0001-9153-2907 (2001) Technological innovation and economic performance in the United Kingdom. CEP Discussion Papers (488). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Abstract

Over the period since 1970, Britain has improved its relative productivity performance, but there remains a significant gap in market sector productivity between Britain and both Continental Europe and the United States. Much of the gap between Britain and Continental Europe is due to lower levels of capital intensity and skill. However, even taking these into account, there remains a significant gap between Britain and the United States. This reflects not just a weakness in high tech areas but an inability to absorb best-practice techniques and methods in wide swathes of the market sector. Part of this is due to a weakness in technological innovation despite a high quality science base. This includes comparatively low and falling levels of R&D and patenting as well as a distinct lag in the diffusion of innovations relative to other countries.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk
Additional Information:	© 2001 the authors
Divisions:	Centre for Economic Performance Economics
Subjects:	T Technology > T Technology (General) H Social Sciences > HB Economic Theory
JEL classification:	D - Microeconomics > D2 - Production and Organizations > D24 - Production; Cost; Capital and Total Factor Productivity; Capacity O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O31 - Innovation and Invention: Processes and Incentives
Date Deposited:	17 Feb 2008
Last Modified:	11 Dec 2024 18:30
URI:	http://eprints.lse.ac.uk/id/eprint/783

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