Pressure on public finances has increased scrutiny of public support for innovation. We examine two particular issues. First, there have been many recent calls for the (relatively new) UK R&D subsidy to be extended to other research activities, such as software. Second, argument still rages...

A major puzzle is that despite the apparent importance of innovation around the knowledge economy, UK macro performance appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues might account for the puzzle. The standard National...

Presents work undertaken and some estimates of the productivity impact of R&D on business sector firms.Treating research and development as an asset requires a number of important steps. The first step is to determine the components of research and developmentexpenditure to be included as...

Introduces the new journal and provides a retrospective review of compendia publications of official statistics and analysis.Since its first publication in 1953, Economic Trends and its companion labour market publications have recordedchanges to the UK economy and labour market. In this new...

Presents experimental capital services estimates for the whole economy, for the market sector and for the non-oil sectorCapital services are the measure of capital input that is suitable for analysing and modelling productivity. This article presents experimental capital services estimates for...

A major puzzle is that despite the apparent importance of innovation around the "knowledge economy", UK macro performance appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues might account for the puzzle. The standard National...

Presents experimental estimates for the volume of capital services, which are being used by ONS to produce official UK multi-factor productivity estimates.Capital services are the measure of capital input that is suitable for analysing and modelling productivity. This article presents...

This paper describes a capital services dataset for the United Kingdom developed for use in empirical work, and some of its key features. The estimates are consistent with National Accounts output estimates, making them ideal for use in growth-accounting or business-cycle analysis. The...