What are the most important drivers of the long-term decline in market dynamism in the UK and other advanced economies? How do UK trends compare with other advanced economies?
Background
The Industrial Strategy aims to spur national productivity growth, strengthen the UK’s economic security and resilience, and support the UK’s environmental and net zero transition. It aims to achieve this by increasing business investment in capital and innovation, attracting foreign investment, and increasing business dynamism in the IS-8 sectors.
These sectors contain the UK’s frontier industries that sit at the leading edge of innovation and have the greatest potential for future competitiveness and technological development. By prioritising these frontier industries, the strategy targets the parts of the economy most capable of driving innovation and supporting major transitions such as AI adoption and net zero.
Next steps
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Research fields
Related UKRI funded projects
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PROPOSED SECONDMENT ACTIVITIES Activities and justification: - Provide expertise in industrial organization and macroeconomics to aid the BEIS Industrial Strategy Council research team. - Develop academic research towa...
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Why might this be relevant?
The project focuses on analyzing UK business microdata and providing evidence-based policy recommendations related to the Industrial Strategy, aligning with the question's focus on market dynamism drivers in the UK.