The Long Run Growth and Productivity Performance of the United Kingdom
This 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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Volume (Year): 44 (1997)
Issue (Month): 4 (September)
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