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  1. Study at the OU
  2. Research degrees
  3. Research areas
  4. Economics
  5. Economics of innovation and development

Economics of innovation and development

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An image to illustrate studying economics of innovation and development with The Open University.

The Department of Economics has strong research interests in various aspects of the economics of innovation and development. Work on innovation has looked at econometric evidence for different theories of industrial change and share price dynamics. This work stream has been supported by a number of large grants from the UK and EU and students in this area have had particular success in getting academic jobs. Members of this group play a leading role in the OU’s ESRC research centres and are equally interested in innovation in emerging economies and high-income countries.

Qualifications available:

PhD or MPhil


For detailed information on current fees visit Fees and funding.

Entry requirements:

Minimum 2:1 (or equivalent), with masters degree preferred

Potential research projects

Potential research topics could include:

  • Financial markets and innovation
  • Different theories of innovation
  • Firm capabilities, growth and innovation systems (national, regional or sectoral)
  • Health, innovation and equity
  • Finance, innovation and development
  • Financialization and innovation

Current / recent research projects

Current/recent research projects include:

  • Firm growth, innovation and implications for market selection: the pharmaceutical industry
  • Innovation in pharma companies: an investigation of R&D and external knowledge acquisition
  • How firm level credit constraints affect R&D investment and how different financial structures influence investment in R&D

Further information

If you have an enquiry specific to this research area please contact:

Ms Jan Smith
+44 (0)1908 654456

For general enquiries please contact the Research Degrees Team via the link under ‘Your questions’ on the right of the page.