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Enhancing Export Promotion Schemes for UK Firms

Summary of the impact

Research within the School's Centre for Research on Globalisation and Economic Policy (GEP) on the characteristics of UK exporting and non-exporting firms has been used by the UK's trade promotion agencies, UK Trade and Investment (UKTI) and the Department of Business, Innovation and Skills (BIS) to improve the design and effectiveness of the firm-specific policies they use to increase export performance.

The research has been used to provide an evidence base against which to judge the rationale for and effectiveness of export promotion and to develop new schemes. The research has led to a better understanding of the different types of barriers to exporting faced by different types of UK firms, and the role of previous export experience in lowering these barriers. This evidence base has both informed the design of the UK's export policy and has helped to fashion a specific, new trade promotion scheme (Gateways to Global Growth) launched by the UK in 2009.

Submitting Institution

University of Nottingham

Unit of Assessment

Economics and Econometrics

Summary Impact Type

Political

Research Subject Area(s)

Economics: Applied Economics, Econometrics
Commerce, Management, Tourism and Services: Business and Management

The Impact of Consumers on Competition

Summary of the impact

Professor Michael Waterson demonstrated how two consumer activities — search and switching — are necessary if competition is to benefit consumers. He showed how search and switching costs inhibit the competitive process; highlighted how firms increase these costs in retail, banking, insurance and energy markets, and recommended government measures to empower consumers. Regulators around the world have used Waterson's research to enhance the consumer benefits from competition. Professor Gregory Crawford also analysed switching costs, estimating the costs of automatically renewable contracts in the UK telephone market. Based on this analysis, Ofcom banned rollover contracts for all residential and small business customers of voice telephone and broadband services, reducing households' and small businesses' switching costs by at least £340 million/year.

Submitting Institution

University of Warwick

Unit of Assessment

Economics and Econometrics

Summary Impact Type

Economic

Research Subject Area(s)

Economics: Applied Economics, Econometrics
Commerce, Management, Tourism and Services: Banking, Finance and Investment

Influencing the evaluation, and enhancing the benefits, of foreign investment by private firms and government organizations

Summary of the impact

This case demonstrates how researchby the Centre for International Business University of Leeds (CIBUL) between 2001and 2008 has been utilised by Nestlé - the world's largest nutrition company - to improve its communication strategy and evaluate how its foreign investments create value and influence economic development, innovation, environment, society and different stakeholder groups (e.g. employees, suppliers and governments). CIBUL's research has also (1) improved the services offered by intermediaries such as the investment-promotion arm of the British government (the UKTI) and the UN body for economic development (UNCTAD), and (2) benefited the businesses thatthese bodies serve by identifying factors that help theminternationalise and derive greater value from international expansion.

Submitting Institution

University of Leeds

Unit of Assessment

Business and Management Studies

Summary Impact Type

Societal

Research Subject Area(s)

Commerce, Management, Tourism and Services: Business and Management
Studies In Human Society: Policy and Administration

Estimating the Economic value of Intellectual Property in the UK

Summary of the impact

The lack of understanding about what patents do in the UK has the potential to inhibit technology knowledge circulation and technology markets. BBS research on the role of intellectual property (IP) policies has addressed this issue, demonstrating the economic benefits to innovating firms which patent their R&D output and providing economic estimates of increased technology licensing. This has had practitioner and policy impact at both national and international levels.

Specific UK Impact

  • The research represents first data gathered by Intellectual Property Office (IPO) on linked corporate licensing and patenting activity and has generated the first estimates of the market for technology in the UK and of the patent propensity
  • The IPO and ONS (Office for National Statistics) together with Brunel University developed a proposal for a UK-wide estimation of the role of patenting in innovation. The IPO is making this a regular survey to run concurrently with the Community Innovation Survey.

Specific International Impact

  • Informed by this research, WIPO (World Intellectual Property Organisation) has recognised the increased prevalence of distributed innovation strategies by firms and placed this at the forefront of innovation policy.
  • WIPO message on distributed innovation as an advantage for developed and developing countries rests on data generated by Brunel.

Brunel research has provided a benchmark with patenting and licensing activity in the US, Japan, Australia, France and Germany.

Submitting Institution

Brunel University

Unit of Assessment

Business and Management Studies

Summary Impact Type

Economic

Research Subject Area(s)

Economics: Applied Economics
Commerce, Management, Tourism and Services: Business and Management
Studies In Human Society: Policy and Administration

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