CEP | People | Dennis Verhoeven

Biography

Dennis Verhoeven is an assistant professor at SKEMA Business School, a research affiliate at KU Leuven and a research associate in CEP's growth programme. He holds a PhD from KU Leuven (2016) and was previously a research economist at the CEP and a Marie Curie Individual Fellow at Bocconi University.

Current areas of research include:

Economics of Innovation: Measurement of innovations' private returns and spillover value; Industrial policy; Air pollution; Inventor collaboration; Inventor-field matching
Economics of Science: Spillovers from science to technology; Gender productivity gap

Publications

CentrePiece - The magazine of the Centre for Economic Performance

Informing industrial strategy for clean technologies

Spillovers from innovation can boost regional growth... Read more...

Ralf Martin, Maxwell Read, Arjun Shah, Anna Valero and Dennis Verhoeven

19 June 2026

CEP discussion papers

Spillovers from science

Quantifying spillovers from scientific knowledge to technology is important for understanding the social returns to science and for designing policy. A key challenge is how to credit scientific work with the value genera... Read more...

Ralf Martin, Arjun Shah, Anna Valero and Dennis Verhoeven

18 March 2026

CEP reports

Pathways to a productive and inclusive net zero

The transition to net zero can bring economic benefits - improving productivity and living standards while tackling climate change and this collection of briefing papers shows how. Pathways to productive and inclusive ne... Read more...

Pia Andres, Chiara Cavaglia, Sam Fankhauser, Ilya Ilin, Francois Lafond, Fulvia Marotta, Ralf Martin, Sandra McNally, Viet Nguyen-Tien, Alice Owen, Emilien Ravigne, Maxwell Read, Xiyu Ren, Misato Sato, Aurelien Saussay, Arjun Shah, Trang Thu Tran, Anna Valero, Guglielmo Ventura, Dennis Verhoeven, Francesco Vona and Golvine de Rochambeau

13 February 2026

Journal article

Firm markups and the economic value of innovation

We examine the relationship between firms' markups and the economic value of their innovation, including both the private value captured by the innovating firm and the knowledge spillovers that benefit other firms. Using... Read more...

Ralf Martin, Jenniffer Solorzano Mosquera, Catherine Thomas and Dennis Verhoeven

30 July 2025

Journal article

Air pollution and innovation

If air pollution harms innovation - and therefore future productivity - existing assessments of its economic cost are incomplete. We estimate the effect of fine particulate matter concentration on inventive output in 977... Read more...

Felix Bracht and Dennis Verhoeven

06 March 2025

Journal article

More or the same? Radical, disruptive, discontinuous, and breakthrough innovation

This paper addresses the conceptual ambiguity in the literature on exceptional innovations, labeled ?radical,? ?disruptive,? ?breakthrough,? or ?discontinuous.? A bibliometric analysis of 4407 articles shows that differe... Read more...

Alberto Di Minin, Adrian Kovacs, Cristina Marullo, Bart Van Looy and Dennis Verhoeven

24 January 2025

CEP discussion papers

Knowledge spillovers from clean innovation. A tradeoff between growth and climate?

Innovation policy faces a tradeoff between growth and climate objectives when the knowledge spillover externality from clean innovation is low compared to other sectors. To make such a comparison, we use patent data to e... Read more...

Ralf Martin and Dennis Verhoeven

12 July 2023

Journal article

Efficient industrial policy for innovation: standing on the shoulders of hidden giants

Knowledge spillovers drive a wedge between private and social returns to R&D. Efficient innovation policy assigns subsidies to fields where spillovers are relatively important. We develop new measures for the private and... Read more...

Charlotte Guillard, Ralf Martin, Pierre Mohnen, Catherine Thomas and Dennis Verhoeven

06 July 2022

External reports

Growing clean

This report, the 19th report for The Economy 2030 Inquiry, provides a hard-headed assessment of the opportunities presented to UK plc by the move to net zero, and considers how best these can be unlocked. It does this by... Read more...

Brendan Curran, Ralf Martin, Sabrina Muller, Viet Nguyen-Tien, Juliana Oliveira-Cunha, Esin Serin, Arjun Shah, Anna Valero and Dennis Verhoeven

23 May 2022

CEP discussion papers

Knowledge spillovers from clean and emerging technologies in the UK

The UK government has committed to increase R&D support for clean technologies in an effort to meet its net-zero target by 2050. The opportunity cost of such programs crucially depends on the value of knowledge spillover... Read more...

Ralf Martin and Dennis Verhoeven

02 March 2022

CEP discussion papers

Air pollution and innovation

If air pollution harms innovation -- and therefore future productivity -- existing assessments of its economic cost are incomplete. We estimate the effect of fine particulate matter concentration on inventive output in 1... Read more...

Felix Bracht and Dennis Verhoeven

26 November 2021

CEP discussion papers

Efficient industrial policy for innovation: Standing on the shoulders of hidden giants

We quantify the efficiency gains from targeting R&D subsidies to fields with the highest knowledge spillover externalities. By combining new measures of spillovers and private returns with field-specific structural estim... Read more...

Charlotte Guillard, Ralf Martin, Pierre Mohnen, Catherine Thomas and Dennis Verhoeven

04 November 2021

Blog

Increasing support for clean innovation: a win-win-win strategy?

Political support for government spending to deal with the economic aftermath of the COVID pandemic has grown. It is now greater than during the 2008 financial crisis, and 'build back better' pledges have multiplied. Ral... Read more...

Ralf Martin, Sam Unsworth, Anna Valero and Dennis Verhoeven

11 February 2021

CEP Covid-19 analyses

Innovation for a strong and sustainable recovery

In the recovery from Covid-19, innovation and diffusion will be key to addressing several structural challenges facing the UK economy. These include improving the UKi??s longstanding poor productivity performance, addres... Read more...

Ralf Martin, Sam Unsworth, Anna Valero and Dennis Verhoeven

18 December 2020

CEP reports

Seizing sustainable growth opportunities from zero emission passenger vehicles in the UK

This is a Special report for the LSE Growth Commission, produced with the Centre for Economic Performance, that provides a set of actionable recommendations to the UK government to drive sustainable growth in the context... Read more...

Ralf Martin, Sam Unsworth, Anna Valero and Dennis Verhoeven

13 February 2020

CEP election analysis papers

Energy and climate change

UK greenhouse gas (GHG) emissions are declining and have been declining for some time. As of 2018, the UK emitted 449 million tonnes of CO2 equivalent (tCO2e). That corresponds to a reduction of 43% relative to 1990 lev... Read more...

Ralf Martin, Petra Sarapatkova and Dennis Verhoeven

29 November 2019

Journal article

Measuring technological novelty with patent-based indicators

This study provides a new, more comprehensive measurement of technological novelty. Integrating insights from the existing economics and management literature, we characterize inventions ex ante along two dimensions of t... Read more...

Jan David Bakker, Dennis Verhoeven and Reinhilde Veugelers

01 April 2016

Journal article

Patent citation indicators: one size fits all?

The number of citations that a patent receives is considered an important indicator of the quality and impact of the patent. However, a variety of methods and data sources can be used to calculate this measure. This pape... Read more...

Jan David Bakker, Bart Van Looy, Dennis Verhoeven and Lin Zhang

01 January 2016