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Investing for Prosperity: Skills, Infrastructure and Innovation

Author

Listed:
  • Philippe Aghion
  • Timothy Besley
  • John Browne
  • Francesco Caselli
  • Richard Lambert
  • Rachel Lomax
  • Christopher Pissarides
  • Nick Stern
  • John Van Reenen

Abstract

What institutions and policies are needed to sustain UK economic growth in the dynamic world economy of the twentyfirst century? After years of inadequate investment in skills, infrastructure and innovation, there are longstanding structural weaknesses in the economy, all rooted in a failure to achieve stable planning, strategic vision and a political consensus on the right policy framework to support growth. This must change if we are to meet our current challenges and those that may arise in the future.

Suggested Citation

  • Philippe Aghion & Timothy Besley & John Browne & Francesco Caselli & Richard Lambert & Rachel Lomax & Christopher Pissarides & Nick Stern & John Van Reenen, 2013. "Investing for Prosperity: Skills, Infrastructure and Innovation," CEP Reports 28, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepsps:28
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    File URL: https://cep.lse.ac.uk/pubs/download/special/cepsp28.pdf
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    Keywords

    GDP; innovation; infrasstructure; UK economy; skills; apprenticeships; education; government policy;
    All these keywords.

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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    This paper has been announced in the following NEP Reports:

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