Research and analysis
UK innovation survey: highly innovative firms and growth
This paper investigates the various characteristics and behaviours of 'highly innovating firms'.
There is a large body of evidence that shows that innovation is an important driver of growth, but there is less evidence for the effects of innovation at the level of firms and, in particular, on the characteristics and behaviours of ‘highly innovative firms’. This report uses a range of econometric techniques to uncover whether:
- highly innovative firms are also high growth firms, in terms of their output, employment and productivity
- highly innovative firms collaborate more closely with scientific institutions, such as universities and publicly-supported research establishments
- highly-innovative firms have been influenced by the recent recession