Innovation and productivity: How strong is the connection? ‘Innovation’ is a much used (and abused) term employed to describe everything from flea collars for dogs[1] to electric cars. As a result, measuring innovation can be tricky, particularly in service sectors where firms’ relationships to customers are often individual and bespoke. Fortunately, the kind people at… Read more

Innovation policy: Driving equity or driving inequality? The need to boost levels of innovation in the UK is at the heart of the recent Green Paper on Industrial Strategy, and few would argue with the general proposition that innovation is good for growth. New products, new services and new ways of doing business help firms… Read more