Results

CEP discussion paper

The Economics of climate innovation: technology, climate policy, and the clean energy transition

We examine the economics of climate innovation and its role in the clean technology transition. It outlines the incentives, market failures, and policy levers that shape the development and diffusion of clean technologie...Read more...

Blog

LSE USAPP:

The US-China rare earths deal shows the importance of critical materials in a new era of strategic interdependence

The accelerating shift to clean energy and advanced technologies is redrawing the map of global economic power. As nations and firms race to secure critical minerals, rare earths - small in trade value but high in strate...Read more...

Blog

Economics Observatory:

What policies could kick-start economic growth in the UK?

For two decades, the UK economy has seen weak growth, driven by low business investment, inadequate market dynamism and persistent policy instability. These failures shape the daily reality of households whose living sta...Read more...

Blog

European Economic Association:

2025 Nobel Laureate: Philippe Aghion

John Van Reenen writes about the profound influence of Nobel laureate Philippe Aghion's work not only on growth and industrial organisation, but also on fields as diverse as trade, labour, taxation, the environment, poli...Read more...

Blog

What Works Centre for Local Economic Growth:

Understanding the drivers of productivity: Innovation

This blog is the third in our new series on the drivers of productivity. The drivers of productivity include skills, capital, innovation, enterprise and competition, and land. This blog focuses on innovation, and complem...Read more...

Chapter

Immigration, diversity and innovation in cities and regions

in A Research Agenda for Migration and Innovation

This chapter investigates the interplay between immigrant diversity and innovation, emphasizing the urban and regional dimensions where these effects are most pronounced. Cities and urban areas are pivotal to the generat...Read more...

Journal article

Journal of International Economics:

Tickets to the global market: First US patent award and Chinese firm exports

We investigate how international patent activity enables firms from emerging economies to thrive in the global marketplace. We match Chinese customs data to US patent records, and leverage the quasi-random assignment of ...Read more...

Blog

LSE British Politics and Policy:

Britain is falling behind the US, and productivity is largely to blame

The gap in living standards between the UK and US has widened sharply in recent years. Aadya Bahl argues that reversing this trend means confronting the UK's deep-rooted productivity and investment challenges....Read more...

CEP discussion paper

On the shoulders of giants: financial spillovers in innovation networks

Do markets price knowledge spillovers? We show that patent grants influence the stock returns of firms that are connected through technological knowledge dependencies. Using directed patent citations among publicly liste...Read more...

CEP discussion paper

Polarized Technologies

We document that inventors patent and cite technologies aligned with the views of their political party. We link inventors to US voter registration data and map politically polarized issues to technologies. Compared to R...Read more...

Blog

Economics Observatory:

The UK's new industrial strategy: what does it mean for Manchester?

To succeed, the industrial strategy needs to build strong local ecosystems in places where the eight priority sectors can thrive. The example of Greater Manchester shows why investment must be joined-up and focused on ma...Read more...

Blog

LSE British politics and policy:

Universities are engines of growth and must be backed by policy

The Industrial Strategy identifies growth-driving sectors that will require a highly-skilled workforce. Higher education will be a key to unlocking this ambition. But as universities aim to recruit the best talent from a...Read more...

Blog

Vox EU:

Export strength does not equal tech strength: Rethinking EU comparative advantage

Amid geopolitical shocks, the EU is revisiting its industrial strategy. However, traditional metrics often paint a misleading picture of Europe's underlying strength. This column uses a new approach to measure the EU's r...Read more...

CentrePiece article

Return innovation: how migration shapes diffusion of new technologies

Novel products, processes and technologies are important drivers of economic growth. Davide Coluccia and Gaia Dossi show how migrants from Britain to the United States in the late 19th and early 20th century not only too...Read more...

Blog

World Bank blogs:

Tax incentives for R&D can spur innovation and growth - when done right

As the debate around industrial policy intensifies, there is broad consensus on the rationale for government support to encourage private sector innovation. Economy-wide returns from research and development (R&D) in the...Read more...

Blog

LSE Inequalities:

Tariffs, automation and inequality: why US jobs won't return but developing countries will still lose

Headlines around Trump's sweeping tariffs have focused on trade wars, inflation and the geopolitical fallout. But a more profound shift is taking place, argues Viet Nguyen-Tien. Rather than restoring American jobs, these...Read more...

Blog

Vox EU:

The US-China trade war created jobs (elsewhere)

In June 2016, Donald Trump justified the protectionist policies during his first administration as "the quickest way to bring our jobs back to our country". This column shows that while the trade war with China failed to...Read more...

Blog

Vox EU:

Fully remote work expands recruitment and boosts productivity

The Covid-19 pandemic sparked a large and lasting shift to remote work. This column draws on detailed administrative data from a major call centre in Turkiye to show that a permanent shift to fully remote work can expand...Read more...

Blog

Academy of Social Sciences:

Closing the UK's productivity gap requires targeted investment

Aadya Bahl and Henry Overman discuss the difficult but essential decisions the UK Government must make to target investment strategically so that we can close the country's productivity gap and create economic growth. In...Read more...

CEP discussion paper

Creative destruction through innovation bursts

In theories of creative destruction, product innovation is a key driver of aggregate growth. In this paper, we confront the predictions of these theories about product dynamics with empirical patterns in product-level da...Read more...

Blog

LSE Politics and Policy:

AI for Good - impact through ethical technology

Artificial Intelligence is set to change our lives, but there are many doubts about whether this will be for the better. By looking at a case of non-surveillance application of AI used to help with crowd management, Tom ...Read more...

Blog

LSE Politics and Policy:

How emigration shapes the diffusion of new technologies

A central driver of economic growth is new technology. Gaia Dossi and Davide Coluccia show how migrants from Britain to the US in the late 19th and early 20th century not only brought new ideas with them but helped US in...Read more...

Blog

Bruegel:

Pitfalls to avoid as the EU ramps up defence investment

The European Union's push to rearm in the face of growing external threats and the increasing disengagement of the United States has, so far, been primarily a push to spend more on defence and to find ways to facilitate ...Read more...

Blog

MIT Sloan Management Review:

Reskilling the Workforce With AI: Harvard Business School's Raffaella Sadun (podcast)

Harvard Business School professor Raffaella Sadun's research has historically focused on digital reskilling. Now, rapid technological changes - like AI - are reshaping the nature of work. Raffaella's research has explore...Read more...

Blog

Vox EU:

The price of power: Why rising markups hurt innovation and widen inequality

Over the past four decades, the US has seen rising market power, slowing productivity growth, and deepening wealth inequality. This column explores how declining competition may be the common culprit. Weak competition le...Read more...

Journal article

Journal of Environmental Economics and Management:

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...

CEP discussion paper

Multinational firms and global innovation

This paper provides an integrated analysis of multinational companies' global production and innovation. We establish novel stylized facts using rich data on the network of production affiliates and patent activity of Ge...Read more...

Blog

IMF Finance and Development magazine :

Innovation's Unseen Frontier

Notwithstanding Plato's 2,400-year-old proverb, necessity alone is not the mother of invention. It also requires opportunity. An individual's likelihood of becoming an innovator reflects parental background in terms of i...Read more...

Journal article

American Economic Review: Insights:

Induced Innovation, Inventors, and the Energy Transition

We study how individual inventors respond to incentives to work on “clean” electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term i...Read more...

Blog

LSE Impact of Social Sciences:

The next innovation revolution should be democratisation

Innovators are most likely to be men from privileged backgrounds. Xavier Jaravel argues that democratisation and widening of access to innovative careers worldwide is key to boosting long-term growth and addressing today...Read more...

CEP discussion paper

Migration and innovation: The impact of East German investors on West Germany's technological development

We investigate the causal relationship between inventor migration and regional innovation in the context of the large-scale migration shock from East to West Germany between World War II and the construction of the Berli...Read more...

Blog

Vox EU:

Technology spillovers, diffusion, and rivalry in firm networks

Quantifying technology adoption, spillovers, and diffusion across firms is crucial for understanding industry dynamics, and in turn countries' growth. This column combines firm-level input-output VAT data from Turkey wit...Read more...

CEP discussion paper

Return innovation: The knowledge spillovers of the British migration to the United States, 1870-1940

This paper documents that out-migration promotes the diffusion of innovation from the country of destination to the country of origin of migrants. Between 1870 and 1940, nearly four million British immigrants settled in ...Read more...

Journal article

Industrial and Corporate Change:

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...

Blog

Vox EU:

Redirecting AI: Privacy regulation and the future of artificial intelligence

Some artificial intelligence technologies are more data intensive than others. This column examines how data privacy regulation shaped the trajectory of AI innovation across countries, looking at patent applications from...Read more...

CEP discussion paper

Shock therapy for clean innovation: Within-firm reallocation of R&D investments

We analyze how a major negative shock to the producers of fossil fuels may lead to a shift from dirty to clean R&D along the supply chain. First, we develop a theoretical framework of directed technical change, showing t...Read more...

Government consultation

Invest 2035: the UK's modern industrial strategy

This document presents the submission made in response to the consultation on "Invest 2035: the UK's modern industrial strategy." The consultation was conducted by the Department for Business and Trade from 14 October 20...Read more...

CEP report

The green industrial policy matrix: Informing an industrial strategy for clean energy technologies

This paper presents new evidence to inform industrial strategy prioritisation of clean energy technologies in the UK. It focuses on seven technology categories relevant for reducing emissions across power, heat and indus...Read more...

CEP discussion paper

New venture creation: Innovativeness, speed-to-breakeven and revenue tradeoffs

We present a Schumpeterian growth model with new venture creation, under uncertainty, which explains the tradeoff between speed-to-breakeven, revenue-at-breakeven and relates this to the level of innovation. We then expl...Read more...

Blog

Vox EU:

Distance from innovation is a barrier to the adoption of artificial intelligence

While distance may seem unimportant in the face of technological progress in transportation and communication, several studies have found that distance is a barrier to the diffusion of inventive activity and technology a...Read more...

Blog

The local economic development podcast:

Spatial rebalancing with Henry Overman - Econ 101 for local growth

Can 'Economics 101' and radical incrementalism reshape local economic development? David and Mike explore this and more with Professor Henry Overman. Tune in for a deep dive into practical economic strategies and their i...Read more...

Blog

What works Centre for Local Economic Growth:

What might plans for a new industrial strategy mean for local growth?

On Monday, the Government published their green paper for a new national industrial strategy. This sets out the broad direction of their plan for industrial strategy and the thinking behind it, before the full strategy w...Read more...

Blog

Project Syndicate:

Can Europe create an innovation economy?

After the 30 "glorious" years of economic growth following World War II, European policymakers failed to adopt the institutions and policies to promote disruptive innovation. Now, Europe urgently needs to adopt a new eco...Read more...

Journal article

American Economic Journal: Macroeconomics: Forthcoming

Import Liberalization as Export Destruction? Evidence from the United States

In trade models with scale economies import liberalization reduces exports within industries by shrinking real market potential. We find this export destruction mechanism reduced US export growth following the permanent ...Read more...

Blog

Vox EU:

Global environmental cooperation and innovation

In the ongoing debate on climate change, one of the most pressing challenges is fostering effective international cooperation. This column examines the success of the 1987 'Montreal Protocol' in phasing out harmful chlor...Read more...

Blog

Vox Talks (podcast):

The economics of strategy (podcast)

Organisations don't just provide employment: they solve, or attempt to solve, important problems in our society. Organizational economics has made some impressive strides in recent years to show what choices organisation...Read more...

Blog

POIDcast :

Financing innovation

In this episode, our guest is Sabrina Howell who is a Professor of Finance at the NYU Stern. We talk about how to finance innovations, fintechs, venture capitalists, private and public equity, and the role of government!...Read more...

Journal article

Oxford Open Economics:

Innovation and inequalities

Innovation is a key source of sustainable growth, but it can affect inequalities in many ways—increasing some inequalities and decreasing others. The impact of any particular innovation on inequalities will depend import...Read more...

CEP discussion paper

Transition to green technology along the supply chain

We analyze a model of green technological transition along a supply chain. In each layer, a good is produced with a dirty technology, or, if the required "electrification" innovation has occurred, with a clean technology...Read more...

CentrePiece article

in brief... Could a new policy institution help solve the UK’s productivity problem?

Comparatively sluggish productivity growth is one of the UK’s biggest policy challenges. Past strategies to solve the problem have lacked both sustained commitment and proper evaluation. Anna Valero and Bart van Ark call...Read more...

Blog

IFS Zooms In (podcast):

Election 2024: How to grow the economy (podcast)

After years of sluggish growth and flatlining productivity, a rare political consensus has emerged that growing the economy is one of the key priorities of the next government. With an election on the way, we're bound to...Read more...

Journal article

The Review of Economics and Statistics:

The Heterogeneous Impact of Market Size on Innovation: Evidence from French Firm-Level Exports

We analyze how demand conditions faced by a firm in its export markets affect its innovation decisions. We exploit exogenous firm-level export demand shocks and find that firms respond by patenting more; furthermore, thi...Read more...

Blog

LSE British Politics and Policy:

The UK needs a new institution for growth and productivity

As the UK gears up for a General Election, there is no lack of advice on what any new government's priorities need to be. While the margins for policy manoeuvre are perceived to be rather narrow, we can be certain that g...Read more...

CEP discussion paper

Business groups, strategic acquisitions and innovation

We build a novel worldwide database merging information on patent-citations of firms paired with information on firms' affiliation to Business Groups (BGs). We exploit these data to document how BGs appropriate knowledge...Read more...

Blog

INSEAD Knowledge:

Consumers' green conscience fosters clean innovation

Alexandra Roulet and Philippe Aghion explain how consumers' green conscience can foster clean innovation and provide tips for how companies can reach green goals in a highly competitive market....Read more...

External report

Labour Economics: Thinking through Labour's economic agenda

With the Labour Party having vowed to achieve the fastest growth in the G7, the Social Market Foundation has brought together leading economic experts to provide independent analysis of the party's proposed approach - an...Read more...

Blog

POIDcast :

More inclusive, more innovative!

We talk about Marx, Schumpeter, creative destruction, capital accumulation, history, middle income countries, political economy, and more....Read more...

Blog

LSE British Politics and Policy:

Mais lecture - a serious approach for sustainable and inclusive growth

In her Mais lecture, the Shadow Chancellor diagnosed the UK's problems of economic stagnation, persistent inequality and the instability that geopolitical shocks and climate change bring. Anna Valero outlines what a solu...Read more...

Journal article

Journal of Industry Competition and Trade:

A New Approach for Better Industrial Strategies

Industrial policy is back. After having been considered a taboo since the 1970s, “new industrial policies” are at the core of governments’ strategies to support countries during crises and enable the green and digital tr...Read more...

Blog

LSE USAPP:

Book Review: Innovation for the Masses: How to Share the Benefits of the High-Tech Economy by Neil Lee

In 'Innovation for the Masses: How to Share the Benefits of the High-Tech Economy' Neil Lee proposes abandoning the Silicon Valley-style innovation hub, which concentrates its wealth, for alternative, more equitable mode...Read more...

Journal article

Journal of Cleaner Production:

The interplay between innovation, standards and regulation in a globalising economy

To examine the different roles of regulation and standards in the age of globalisation, we hypothesize and investigate the relation of regulation and national and international standards on the one hand with innovation i...Read more...

Government consultation

Business and Trade Committee

Has the UK lost its competitive edge in the global economy? What advantages does it possess, and how can these be exploited for economic growth? The Business and Trade Committee considers these questions as it continues ...Read more...

Journal article

LSE Public Policy Review:

Net Zero and the Labour Market: Evidence from the UK

The urgent need for tackling climate change brings with it the need to understand the impacts of net zero policies on the labour market. Various approaches have been taken in attempts to measure and describe green jobs, ...Read more...

Blog

Resolution Foundation:

Investing in Britain's future - An economic strategy for Britain (video)

Investing too little for one year is manageable, but doing so year after year is a recipe for relative decline. This is precisely what the UK has been doing and where it finds itself. Anna Valero and James Smith discuss ...Read more...

Blog

Grantham Research Institute commentary:

Sustainable investment is good macroeconomics and fiscally prudent for the UK

In the global race for supremacy in 21st century markets, the UK must create expertise in building and deploying new energy technologies, and access the opportunities for stronger and more resilient growth that will brin...Read more...

CEP discussion paper

Does subsidising business advice improve firm performance? Evidence from a large RCT

We evaluate the impact of the UK's Growth Vouchers Programme, which offered subsidised business advice to 15,207 randomly selected small and medium size enterprises. Using administrative and survey data, we show that the...Read more...

Blog

Economics Observatory:

Could a new policy institution help solve the UK's productivity problem?

Comparatively sluggish productivity growth is one of the UK's biggest policy challenges. Past strategies to solve the problem have lacked commitment and proper evaluation. One solution could be to establish a growth and ...Read more...

Book

Innovation for the Masses
How to Share the Benefits of the High-Tech Economy

From San Francisco to Shanghai, many of the world's most innovative places are highly unequal, with the benefits going to a small few. Rather than simply asking how we can create more high-tech cities and nations, Innova...Read more...

CEP discussion paper

Political ideology and innovation

We study the role of political ideology for a critical group of economic agents: inventors. We document that, in "politically polarizing" fields, inventors patent innovations aligned with their political beliefs. We cons...Read more...

Journal article

The Review of Economics and Statistics :

Induced Innovation and International Environmental Agreements: Evidence from the Ozone Regime

This paper revisits one of the rare success stories in global environmental cooperation: the Montreal Protocol and the phase-out of ozone-depleting substances. I show that the protocol increased science and innovation on...Read more...

CEP discussion paper

Tickets to the global market: First US patent awards and Chinese firm exports

We investigate how international patent activity enables firms from emerging economies to thrive in the global marketplace. We match Chinese customs data to US patent records and leverage the quasi-random assignment of U...Read more...

Journal article

IPPR Progressive Review:

Embedding green industrial policy in a growth strategy for the UK

In this article, we consider the role of a modern industrial strategy - coordinating a range of `industrial policies' - in shaping such an approach. How can the UK, an open and service-based economy with a small domestic...Read more...

CEP discussion paper

Exporting ideas: Knowledge flows from expanding trade in goods

We examine the effect of entry by French firms into a new export market on the dynamics of their patents' citations received from that destination. Applying a difference-in-differences identification strategy with a stag...Read more...

CEP discussion paper

Trade, innovation and optimal patent protection

This paper provides a first comprehensive quantitative analysis of optimal patent policy in the global economy. We introduce a new framework, which combines trade and growth theory into a tractable tool for quantitative ...Read more...

Blog

Productivity Puzzles:

Why does the UK do so well on the Global Innovation Index? (Podcast)

How do we measure innovation and compare it across countries? And how can it be that the UK is doing so well as an innovation nation, while we seem to be underperforming on productivity?...Read more...

Journal article

The Review of Economic Studies:

A Theory of Falling Growth and Rising Rents

Growth has fallen in the U.S. amid a rise in firm concentration. Market share has shifted to low labour share firms, while within-firm labour shares have actually risen. We propose a theory linking these trends in which ...Read more...

Journal article

Research Policy: Forthcoming

A new dataset to study a century of innovation in Europe and in the US

Innovation is an important driver of potential growth but quantitative evidence on the dynamics of innovative activities in the long-run are hardly documented due to the lack of data, especially in Europe. In this paper,...Read more...

Journal article

American Economic Review :

The Impact of Regulation on Innovation

We present a framework that can be used to assess the equilibrium impact of regulation on endogenous innovation with heterogeneous firms. We implement this model using French firm-level panel data, where there is a sharp...Read more...

External report

Learning to grow: how to situate a skills strategy in an economic strategy

Investing in human capital is a crucial aspect of building an economy that is both more productive and fairer, and any growth strategy must incorporate an agenda for increasing human capital and workforce skills within t...Read more...

Blog

Vox EU:

Tracking the skills behind the AI boom: Evidence from 14 OECD countries

As artificial intelligence rapidly reshapes economies and societies, companies are seeking professionals with AI-related skills. This column uses data from online job postings to explore changes in the demand for these p...Read more...

CEP discussion paper

Induced innovation, inventors and the energy transition

We study how individual inventors respond to incentives to work on 'clean' electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term i...Read more...

CEP discussion paper

Industrial policy and the great divergence

We discuss recent work evaluating the role of the government in shaping the economy during the long 19th century, a practice we refer to as industrial policy. We show that states deployed a vast variety of different poli...Read more...

CEP discussion paper

Induced innovation and international environmental agreements: Evidence from the ozone regime

This paper revisits one of the rare success stories in global environmental cooperation: the Montreal Protocol and the phase-out of ozone-depleting substances. I show that the protocol increased science and innovation on...Read more...

Blog

LSE British Politics and Policy:

The UK should lead on a green industrial strategy not roll back

The UK government appears to be watering down its commitments to net zero, breaking the cross-party consensus on the need for Britain to lead in the global battle against climate change. Yet now is the time to double dow...Read more...

Journal article

Energy Policy:

Big oil and the energy transition: Evidence from M&A

International Oil Companies (IOCs) represent a significant source of capital and expertise that could be deployed to contribute to the investment required to achieve the energy transition to a low carbon future. This pap...Read more...

Journal article

Comparative Economic Studies:

Political connections, business groups and innovation in Asia

It is acknowledged that Asia’s remarkable economic achievements of the past 50 years build on institutional arrangements very different from the West, including the central role of business groups (BGs) as an organisatio...Read more...

Book

The Economics of Creative Destruction
New Research on Themes from Aghion and Howitt

A stellar cast of economists examines the roles of creative destruction in addressing today’s most important political and social questions. Inequality is rising, growth is stagnant while rents accumulate, the env...Read more...

Blog

RSA:

Investment for inclusive and sustainable growth in cities

This is a decisive decade for addressing the UK's longstanding productivity problems, large and persistent inequalities across and within regions, and delivering on net zero commitments. Anna Valero has contributed this ...Read more...

Blog

VoxTalks Economics:

Is green growth possible? (Podcast)

Is innovation our best hope for dealing with climate change and, if so, how can we stimulate the sort of innovation that we need to make the green energy transition? Philippe Aghion tells Tim Phillips that we need both c...Read more...

CEP discussion paper

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...

Blog

Trade Talks:

Industrial policy and the rise of Romania's Silicon Valley (podcast)

In 2001, Romania gave an income tax break to a select group of software programmers. Isabela Manelici explains how this particular industrial policy helped stem Romania's "brain drain" problem, transformed the country's ...Read more...

External report

Beyond boosterism

The UK is a low investment nation. Low business investment is a big driver of this. Low investment is one reason behind the UK's weak productivity growth, which in turn is the main reason behind the stagnation in UK livi...Read more...

CEP report

Seizing sustainable growth opportunities from tidal stream energy in the UK

This is the decade for managing the immense risks of climate change, and delivery on net zero. That means rapidly increasing the share of renewable sources in our energy mix alongside a step-change in energy and resource...Read more...

CEP discussion paper

Dealing with adversity: religiosity or science? Evidence from the great influenza pandemic

How do societies respond to adversity? After a negative shock, separate strands of research document either an increase in religiosity or a boost in innovation efforts. In this paper, we show that both reactions can occu...Read more...

Blog

CATO Institute:

The Impact of Regulation on Innovation

Many scholars have been concerned that slower growth in countries with heavy labour regulations could be due to firms' reluctance to innovate given the burden of red tape. Philippe Aghion, Antonin Bergeaud and John Van R...Read more...

CEP discussion paper

Productive robots and industrial employment: the role of national innovation systems

In a model with robots, and automatable and non-automatable human tasks, we examine robot-labour substitutions and show how they are influenced by a country's 'innovation system'. Substitution depends on demand and produ...Read more...

Journal article

Regional Studies: Forthcoming

Inclusive innovation in cities: from buzzword to policy

'Inclusive innovation' has become an increasingly important subnational policy agenda. This paper reviews this agenda, critiques its current usage and presents a new framework for how the concept can be applied by city g...Read more...

CentrePiece article

China at the technological frontier

The technology frontier that was dominated by the United States, Europe and Japan in the early 2000s is now much more polarised between the American and Chinese patent offices. Antonin Bergeaud and Cyril Verluise show th...Read more...

Blog

Promarket:

The Case for Green Industrial Policy

Industrial policy was once so old-fashioned that it was jokingly called "the policy that shall not be named". Now it's back in a big way. On issues ranging from clean energy to semiconductors to Covid-19, governments are...Read more...

Government consultation

Business, Energy and Industrial Strategy Committee - UK plc 2050 (non-inquiry session)

The session examines what policies could restore competitiveness and address the country's intractable productivity and regional inequality problems while also reaching net zero....Read more...