Competition and labour market flexibility are key for spurring productivity growth, but there are other ways in which policymakers can influence innovation more directly. John Van Reenen argues that tax credits for business spending on research and development can increase UK firms’ market value, productivity and innovation.
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机译:竞争和劳动力市场的灵活性是刺激生产率增长的关键,但是政策制定者还有其他方式可以更直接地影响创新。约翰·范·雷恩(John Van Reenen)认为,研究与开发业务支出的税收抵免可以提高英国公司的市场价值,生产力和创新能力。
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