David Sandler's research while affiliated with University of Cambridge and other places

Publication (1)

Article
A long-standing concern surrounding the performance of the UK economy is its perceived failure to maintain the same technological pace as its competitors. Industrial research and development (R&D) expenditure as a proportion of GDP fell during the 1980s at a time when all other G7 countries increased the proportion of their output given over to R&D...

Citations

... To stimulate private investment in general and R&D investment in particular, governments adopt a range of policies, including lowering the tax rate on corporate income and providing fiscal incentives for investment, e.g., tax credits and subsidies (Auerbach, 2018;Cummins et al., 1994;Griffith et al., 1995;Hassett & Hubbard, 2002;Klemm, 2010;Leyden & Link, 1993;Mansfield, 1982;Shah, 1995). However, fiscal policy is not the only factor affecting either tangible or intangible investment, as investment decisions also depend on such aspects of the investment climate as political stability and effective governance (Dawson, 1998;Edquist, 1997;R. ...