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Measuring firm-level productivity convergence in the UK: the role of taxation and R&D investment

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Figure

Figure 1 shows a clear negative correlation between productivity performance (TFP in  this case) and effective tax rate (ETR)
Figure 3: Distance from the Frontier for Different Groups
Table 1: Pooled OLS Regressions of TFP growth- UK Firms 2004-2011
Figure 4: Non-Linear Prediction for the TFP Growth- Tax Rate Relationship
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