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16:15 - 17:45 29 November 2016
Skills, intangible investments and innovation performance: recent evidence for UK firms
Room 639, UCL Institute of Education,
20 Bedford Way, | London | WC1H 0AL | United Kingdom
In research seeking to explain the UK’s relatively poor productivity performance in recent years, much attention is now given to investment in intangible assets such as skills, knowledge, computerised information (software and databases) and organisational capital.
This paper draws on analysis of Community Innovation Survey data for UK firms to examine the extent to which innovation performance depends on past investments in skills, research, design and development and hard-to-measure intangible assets such as access to external knowledge sources and relationships with innovation partners. It seeks to account for recent declines in both innovation inputs (such as innovation-related spending) and outputs (such as new product development) during the 2008-09 recession and examines why UK firms have varied greatly in intangible investments and innovation performance in post-recession years.