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Industrial Strategy

Research into industrial and innovation policies including work in the Programme on Innovation and Diffusion (POID) and the Productive and Inclusive Net Zero research project (PRINZ).

Many governments are pursuing more activist industrial policies, targeting specific sectors, technologies or places with support. Our research has provided evidence on the causal effects of an industrial policy, and documented different types of industrial policies in use internationally.

We have been heavily involved in the UK policy debate. The LSE Growth Commission highlighted in 2017 how the longevity of frameworks and strength of institutions governing industrial policy compared poorly with other areas of UK economic policy. In 2023, our work with The Productivity Institute made the case for a new growth and productivity institution that would play a role in informing a successful industrial strategy.

To inform areas of focus, our Economy 2030 Inquiry research has provided evidence on the UK's comparative advantages - including across broad range of services, life sciences and clean technologies, and the policies that can stimulate much-needed investment.

In collaboration with Grantham Research Institute colleagues, we have set out how sustainable investment and green industrial policy can be embedded in a growth strategy for the UK with "deep dives" into key technologies such as carbon capture, usage and storage and tidal stream, and analysis of net zero and the labour market.

Our research also explores how to support innovation activities in firms, including evaluating government programmes, collaborating in their design and generating new data on business technology adoption.

Industrial Strategy Publications

Timothy Besley, Aveek Bhattacharya, Jagjit Chadha, Paul Cheshire, Neil Lee, Alan Manning, Andrew McNeil, Margarida Bandeira Morais, Henry G. Overman, David Soskice, Anna Valero, Giles Wilkes and Alison Wolf

22 April 2024

Rui Costa, Nikhil Datta, Stephen Machin and Sandra McNally

13 March 2018

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