Friday, 20 June 2014

The Economic Significance of the UK Science Base: A New Report

We have a new report [pdf], summary page,  out on 30th April, 2014, "The Economic Significance of the UK Science Base".  It's done for the Campaign for Science and Engineering and is by Jonathan Haskel, Alan Hughes and Elif Bascavusoglu-Moreau.

We look at two main questions:

1. How does public-sector funding of the science base affect private involvement?

The caricature is that research-orientated universities and academics are removed from the "real world" and so have no connection to anything useful.  In fact, completely the opposite is the case.  Surveys of academics indicate there is a strong positive correlation between public-sector funding and private involvement in research both for universities and individual researchers.
  • Universities that receive higher levels of public research funding generate more research income from other sources (e.g. charities, industry, overseas).
  • Regardless of institution, individual scientists who hold Research Council grants are more likely than non-grant holders to be ‘outward-facing’ and interact with the wider community, for example through the commercial application of their research.

2. How does public science funding affect private sector productivity?

Looking at data for industries over time, we find that public science funding generates substantial returns to the private sector:

  • Public investment in research increases private sector total factor productivity growth 
  • This effect is greatest in industries that themselves conduct significant R&D or report co-operative interactions with universities.
  • The rate of return to public investment is around 20% (in our most conservative estimate) which is a large rate of return for government projects.  If government made a one-off increase in public spending on R&D of £450m (5% of its £9bn total R&D spend), market sector output would rise by £90m per year, every year. Discounting this flow of extra output at 5% per year gives a total boost of £1.8bn to business sector output over time.

Meeting to discuss the findings. Taken from CASE website
CaSE will be holding a panel discussion on the economic significance of the UK science base in May. The panel and audience will discuss findings from Jonathan Haskel and Alan Hughes’ new report, ‘The Economic Significance of the UK Science Base’. This report, commissioned by CaSE and funded by a consortium of CaSE members, provides crucial economic evidence to support claims that Government can boost growth by investing in science and engineering research. The event is kindly hosted by The Department for Business, Innovation and Skills on 7th May, 2pm-3.30pm. The event is open to CaSE’s organisational members and collaborators. Please RSVP to


  1. This is an intresting blog that you have posted, you shares a lot of things about School Of Accountancy, MBA In Healthcare Management and MBA Strategic Management.

    Which are very informative for us.Thanks

  2. This is an intresting blog that you have posted, you shares a lot of things about School Of Accountancy, MBA In Healthcare Management and MBA Strategic

    . Which are very informative for us.Thanks

    Work from home theory is fast gaining popularity because of the freedom and flexibility that comes with it. Since one is not bound by fixed working hours, they can schedule their work at the time when they feel most productive and convenient to them. Women & Men benefit a lot from this concept of work since they can balance their home and work perfectly. People mostly find that in this situation, their productivity is higher and stress levels lower. Those who like isolation and a tranquil work environment also tend to prefer this way of working. Today, with the kind of communication networks available, millions of people worldwide are considering this option.

    Women & Men who want to be independent but cannot afford to leave their responsibilities at home aside will benefit a lot from this concept of work. It makes it easier to maintain a healthy balance between home and work. The family doesn't get neglected and you can get your work done too. You can thus effectively juggle home responsibilities with your career. Working from home is definitely a viable option but it also needs a lot of hard work and discipline. You have to make a time schedule for yourself and stick to it. There will be a time frame of course for any job you take up and you have to fulfill that project within that time frame.

    There are many things that can be done working from home. A few of them is listed below that will give you a general idea about the benefits of this concept.

    This is the most common and highly preferred job that Women & Men like doing. Since in today's competitive world both the parents have to work they need a secure place to leave behind their children who will take care of them and parents can also relax without being worried all the time. In this job you don't require any degree or qualifications. You only have to know how to take care of children. Parents are happy to pay handsome salary and you can also earn a lot without putting too much of an effort.

    For those who have a garden or an open space at your disposal and are also interested in gardening can go for this method of earning money. If given proper time and efforts nursery business can flourish very well and you will earn handsomely. But just as all jobs establishing it will be a bit difficult but the end results are outstanding.

    Freelance can be in different wings. Either you can be a freelance reporter or a freelance photographer. You can also do designing or be in the advertising field doing project on your own. Being independent and working independently will depend on your field of work and the availability of its worth in the market. If you like doing jewellery designing you can do that at home totally independently. You can also work on freelancing as a marketing executive working from home. Wanna know more, email us on and we will send you information on how you can actually work as a marketing freelancer.

    Internet related work
    This is a very vast field and here sky is the limit. All you need is a computer and Internet facility. Whatever field you are into work at home is perfect match in the software field. You can match your time according to your convenience and complete whatever projects you get. To learn more about how to work from home, contact us today on workfromhome.otr@gmail.comand our team will get you started on some excellent work from home projects.

    Diet food
    Since now a days Women & Men are more conscious of the food that they eat hence they prefer to have homemade low cal food and if you can start supplying low cal food to various offices then it will be a very good source of income and not too much of efforts. You can hire a few ladies who will help you out and this can be a good business.

    Thus think over this concept and go ahead.

  4. The blog was absolutely fantastic! Lot of great information which can be helpful in some or the other way. Keep updating the blog, looking forward for more contents...Great job, keep it up.
    school management software