topics also inform the work on business demography which seeks to understand
the dynamics and determinants of start-up, survival and growth in the UK using
the recently created longitudinal firm-level database for the period
1997-2009. Mark Hart was the principal
author of the recent NESTA report on ‘Measuring
Business Growth: High-Growth Firms and their contribution to employment in the
UK’ which set out for the first time the scale and impact of High-Growth
Firms (HGFs) in the UK economy. Recently
commissioned projects in the Group by UKTI and UKCES are designed to develop a
clearer understanding of the factors associated with these HGFs and the role of
trade development, inward investment and skills are being investigated by these
new projects. This ongoing work on HGFs
has informed the emerging UK policy on ‘Growth Hubs’ and the team are working
closely with the sponsoring government department (BIS).
final strand of work on the firm concerns the development and use of evaluation
frameworks using data-linking techniques to assess the economic impact of
government business support in the UK.
This has led to the award of an ESRC CASE studentship in 2011 to develop
this work with the Department for Business Innovations and Skills (BIS). This will enhance the existing evaluation
work in the Group which has already resulted in major evaluation studies for
BIS and UKTI .
Economics & Strategy Group is also part of the Global Entrepreneurship Monitor (GEM) consortium and currently runs the GEM UK annual household survey,
which measures the entrepreneurial activity of working aged adults. GEM related
research focuses on measuring and explaining differences in entrepreneurial
attitudes, activity and aspiration between countries, as well as identifying
appropriate policies to enhance entrepreneurial activity.
There are a number of themes
which will inform future work:
are programmes of work on corporate venturing (intrapreneurship),
entrepreneurial behaviour of young adults, entrepreneurship and religion,
gender and the role of place and space in the entrepreneurial process.
Innovation: there is
ongoing and emerging work on IP funded by Leverhulme and UKTI as well as on the
innovative behaviour of Chinese firms as well as further work on international
knowledge sourcing which will build on the work funded by NESTA and the OECD.
Firm Growth: development
of our work on understanding the drivers and economic impact of firm start-up,
survival and growth with the participation in international collaborative
Policy Evaluation: funded
by the ESRC in partnership with BIS the expertise of the group in developing
and analysing firm-level panel datasets will be harnessed to provide a
framework for policy evaluation of SME business improvement initiatives.