In preparing its Report, the Commission and its research team will draw on the output of its own analysis as well on relevant preceding work in the design of adequate responses to the growth challenges faced by the UK.
The stock of potentially relevant preceding work is vast, comprising numerous areas allegedly in need of improvements: e.g. regulatory barriers to competition such as planning and immigration controls; mid-level skill shortages; weak numeracy and literacy in the bottom and middle range of the skills spectrum; management capability deficits; lagging the US record in turning scientists into entrepreneurs; weaknesses in getting the output of R&D to the market; high energy prices; strained infrastructure; problems in access to credit; rebalancing the industrial composition of the economy; UK's role and relationship with international institutions; industrial policy; and the regulation of banks.
LSE Growth Commission Report
Download summarised report (PDF)|
Download the Full Report:
Investing for Prosperity: Skills, Infrastructure and Innovation|
Philippe Aghion, Tim Besley, John Browne, Francesco Caselli, Richard Lambert, Rachel Lomax, Chris Pissarides, Nick Stern, John Van Reenen
Executive Summary|
1. Introduction|
2. The economic story of the UK|
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The growth process
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UK decline and rebound
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Decline again after the crisis?
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Investment failure: the UK's fundamental problem
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The right policy-making environment
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The structure of our report
3. Human capital|
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Why human capital matters
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Diagnosis: the problems of education in the UK
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Core recommendations on education
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Other policies to support human capital
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Why have problems with human capital persisted?
4. Investment in infrastructure|
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Why Infrastructure matters
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Diagnosis: the problems of infrastructure in the UK
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Core recommendations on infrastructure
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Other policies to support infrastructure
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Why have problems with infrastructure persisted?
5. Private investment and innovation|
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Why private investment matters
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Diagnosis: the problems of private investment and innovation in the UK
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Core recommendations on private investment
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Other policies to support private investment and innovation
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Why have problems with private investment persisted?
6. GDP and beyond|
7. How to get to where we want to go|
If you have any comments on the report, please email them to us at lsegrowth@lse.ac.uk|
Background Research Papers
Beyond GDP
|Joao Paulo Pessoa
Human Capital and Growth| - A focus on Primary & Secondary Education in the UK
Nitika Bagaria, Novella Bottini & Miguel Coelho
Infrastructure Bank| - A blueprint for an Infrastructure Bank
Novella Bottini, Miguel Coelho & Jennifer Kao
Infrastructure and Growth
|Novella Bottini, Miguel Coelho & Jennifer Kao
Private Investment and Innovation
|Miguel Coelho, Jennifer Kao & Isabelle Roland
External Contributions
The Commission and its research team welcome comments and suggestions from external thinkers in academia, business and policy. To see a list of submissions so far, please visit our Contributors Page|. To submit your comments, please email us at lsegrowth@lse.ac.uk|.