Innovation and economic growth: Government Economic Service report
Government Economic Service cross-government project examining the importance of innovation to economic growth.
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This report, from the Government Economic Service Group on Growth, covers a range of different aspects of innovation. It found common themes on:
- the link between the research base and firms’ potential
- the UK leading thinking, but has often lagged in application
- an innovation system of interacting components
- how government can (and should) help structure markets
- evidence gaps and a lack of metrics
- the importance of policy experimentation