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Oral question asked in the House of Commons, by Sian C James (Labour). It was answered by Stephen Timms (Labour) on Thursday, 15 June 2006 on behalf of the Treasury.


Science and Innovation

Question
What assessment he has made of the contribution of expenditure on science to the performance of the economy; and if he will make a statement.
Answer

A study by the Organisation for Economic Co-operation and Development in 2001 found that a 1 per cent. increase in public research and development spending leads to a productivity rise of 0.17 per cent. There is also growing evidence of a link between effective use of information and communications technology and higher productivity.


Secondary information

Type
Oral question
Reference
447 c895 
77554 
Session
2005-06
Oral question type
Lead
Chamber / Committee
House of Commons chamber
Subjects
Finance Economic situation Research Science Productivity
Link
View this Oral question on www.publications.parliament.uk