The US innovation boom since 1990 has had major benefits for the UK economy. According to new research by CEP's director John Van Reenen and colleagues, without the growth in US spending on research and development (R&D) in the 1990s, UK productivity would have been about 5% lower in 2000.

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Rachel Griffith, Rupert Harrison and John Van Reenen

February 2005     Paper Number CEPCP169

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