Research Paper

Pathways to efficiency, pathways to growth: Evidence from the UK Innovation Survey.

ERC Research Paper No. 83

Associated Themes
  • Innovation
  • Productivity and performance

Previous studies have suggested there is little correlation between efficiency – measured by sales per employee – and growth at firm level. Here, using data from successive waves of the UK innovation survey we consider two questions.
– Do different types of innovation have different effects on efficiency and growth?
– We consider whether the source of firms’ R&D finance matters.
Together our results suggest the importance of aligning innovation investments with broader corporate and policy objectives and the potential value of policy support for process innovation to achieve positive growth and efficiency outcomes.