Economic analysis behind the innovation and research strategy for growth. BIS economics paper number 15.
Sets out the economic analysis behind the ‘Innovation and research strategy for growth’. Draws on recent results from innovation economics, recent policy-related studies, and new innovation data. Whilst innovation is the central source of economic growth, it is changing its scope and forms. Investigates innovation as a system and looks at policy challenges on the need to facilitate knowledge flows, maintain a high-grade knowledge infrastructure, support business investment in conditions of uncertainty, and build an innovating public sector.