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Production and Productivity 1920–1962

In: Economic Growth in Twentieth-century Britain

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  • C. H. Feinstein

Abstract

At a time when so much emphasis is being placed on the need for more rapid growth of the British economy, and, in particular, on the attainment of the target rate of 4 per cent per annum set by N.E.D.C. for the period 1961–6, it may be useful to view this target in the perspective of the long-run rates of growth of the economy over the period since the First World War. It is evident from the historical record that the sustained achievement of a 4 per cent growth rate would represent a very marked improvement on past performance: in both inter-war and post-war years the rate of growth has been between 2 and 2.5 per cent per annum.

Suggested Citation

  • C. H. Feinstein, 1969. "Production and Productivity 1920–1962," Palgrave Macmillan Books, in: Derek H. Aldcroft & Peter Fearon (ed.), Economic Growth in Twentieth-century Britain, chapter 1, pages 1-9, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-15344-2_1
    DOI: 10.1007/978-1-349-15344-2_1
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