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A perspective on UK productivity performance Author info | Abstract | Publisher info | Download info | Related research | Statistics Nicholas Crafts
Mary O'Mahony
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The paper reviews recent UK productivity performance using insights from new growth economics and its embodiment in growth accounting techniques. The sources of the UK labour productivity gap are found to differ across countries; broad capital per worker plays a larger part with regard to France and Germany while innovation matters more compared with the USA. The role of incentive structures is examined and the importance of competition as an antidote to agency problems in UK firms is highlighted. Current UK policy is reviewed and the need to address government as well as market failures is stressed.
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Article provided by Institute for Fiscal Studies in its journal Fiscal Studies .
Volume (Year): 22 (2001)
Issue (Month): 3 (September)
Pages: 271-306
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Handle: RePEc:ifs:fistud:v:22:y:2001:i:3:p:271-306Contact details of provider: Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE Phone: (+44) 020 7291 4800 Fax: (+44) 020 7323 4780 Email: Web page: http://www.ifs.org.uk
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Find related papers by JEL classification: D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
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