Toolkit of policies to promote #innovation from Nick Bloom, @johnvanreenen, Heidi Williams is excellent attempt to collate and compare #innovation policies. But endorsement of #taxcredits is too strong: @AEAjournals @CEP_LSE (1/5)
pubs.aeaweb.org/doi/pdfplus/10… 1. Policy dead end. Once in place, R&D tax incentives are hard to reduce / remove - can restrict future policy choices. See reaction when @IPPR suggested rowing back in UK in 2017. @HMRCgovuk increased R&D tax relief to 12%. (2/5)
bbc.co.uk/news/business-…