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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 Special Papers 28, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepsps:28
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    Cited by:

    1. Emmerling, Johannes & Groom, Ben & Wettingfeld, Tanja, 2017. "Discounting and the representative median agent," Economics Letters, Elsevier, vol. 161(C), pages 78-81.
    2. d'Agostino, Giorgio & Scarlato, Margherita, 2016. "Institutions, Innovation and Economic Growth in European Countries," MPRA Paper 72427, University Library of Munich, Germany.
    3. Nathan, Max & Rosso, Anna & Bouet, Francois, 2014. "Mapping 'Information Economy' Businesses with Big Data: Findings for the UK," IZA Discussion Papers 8662, Institute for the Study of Labor (IZA).
    4. Nathan, Max & Rosso, Anna, 2014. "Mapping information economy businesses with big data: findings from the UK," LSE Research Online Documents on Economics 60615, London School of Economics and Political Science, LSE Library.
    5. Nathan, Max & Vandore, Emma, 2013. "Here be startups: exploring a young digital cluster in inner East London," LSE Research Online Documents on Economics 58424, London School of Economics and Political Science, LSE Library.
    6. Dan Andrews & Chiara Criscuolo, 2013. "Knowledge-Based Capital, Innovation and Resource Allocation," OECD Economics Department Working Papers 1046, OECD Publishing.
    7. Nathan, Max & Rosso, Anna, 2015. "Mapping digital businesses with big data: Some early findings from the UK," Research Policy, Elsevier, vol. 44(9), pages 1714-1733.
    8. Steve Gibbons, 2015. "Planes, Trains and Automobiles: The Economic Impact of Transport Infrastructure," SERC Policy Papers 013, Spatial Economics Research Centre, LSE.

    More about this item

    Keywords

    GDP; innovation; infrasstructure; UK economy; skills; apprenticeships; education; government policy;

    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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