The Long Run Growth and Productivity Performance of the United Kingdom
AbstractThis paper examines Britain's long run growth and productivity performances since the late nineteenth century, taking an international comparative perspective and disaggregating by sector. Britain was richer than the United States and Germany in 1870 largely because of high levels of labor productivity in services and agriculture rather than in industry, together with a highly favorable structure, particularly a small share of the labor force in agriculture. By 1990, the productivity gap in manufacturing had not grown bigger. Rather, the deterioration in Britain's overall comparative labor productivity position has been concentrated in services and agriculture, together with the effect of structural change, particularly the later shift of labor out of agriculture in the United States and Germany. Copyright 1997 by Scottish Economic Society.
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Bibliographic InfoArticle provided by Scottish Economic Society in its journal Scottish Journal of Political Economy.
Volume (Year): 44 (1997)
Issue (Month): 4 (September)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0036-9292
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- Stijepic, Denis & Wagner, Helmut, 2008. "Impacts of Intermediate Trade on Structural Change," MPRA Paper 40841, University Library of Munich, Germany, revised 23 Aug 2012.
- Stijepic, Denis & Wagner, Helmut, 2009. "Population-ageing, structural change and productivity growth," MPRA Paper 37005, University Library of Munich, Germany, revised 29 Feb 2012.
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