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The success of the R&D tax credit shows that there can be a role for public policy in stimulating innovation and growth
John Michael van Reenen Open Access publications from London School of Economics and Political Science from London School of Economics and Political Science
Competition and labour market flexibility are key for spurring productivity growth, but there are other ways in which policymakers can influence innovation more directly. John Van Reenen argues that tax credits for business spending on research and development can increase UK firms’ market value, productivity and innovation.
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