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Coping the Recession

Author

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  • PA Geroski

    (Gatsby Foundation and the Centre for Business Strategy)

  • P. Gregg

    (Gatsby Foundation and the Centre for Business Strategy)

Abstract

The UK economy has suffered through two deep recessions over the last decade and, as a consequence, its productive structure has undergone a major transformation. The most visible consequences of these events include two waves of large scale job shedding (with profoundly different regional impacts) accompanied by persistently high unemployment throughout the 1980s and early-1990s. This time period has also seen steeply rising small and large firm failure rates, a major reshuffling in the ownership of many businesses, severe imbalances between the supply of and demand for certain types of skills exacerbated by regional immobilities in labour, a crisis of consumer confidence coupled with a reluctance by consumers to take on (or add to) their long-term debt, and a general decline in the authority and confidence with which demand management policies have been pursued.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • PA Geroski & P. Gregg, 1993. "Coping the Recession," National Institute Economic Review, National Institute of Economic and Social Research, vol. 146(1), pages 64-75, November.
    • Handle: RePEc:sae:niesru:v:146:y:1993:i:1:p:64-75
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    Cited by:

    1. Lamprinakis, Lampros, 2012. "Organizational Innovation in the Face of Institutional Change: The Case of the Finnish Dairy Sector," 2012 International European Forum, February 13-17, 2012, Innsbruck-Igls, Austria 144952, International European Forum on System Dynamics and Innovation in Food Networks.
    2. Silviano Esteve-Pérez & Fabio Pieri & Diego Rodriguez, 2021. "Coping with high decline: firms’ resilience to adversity," DEM Working Papers 2021/08, Department of Economics and Management.
    3. Dietmar Sternad, 2012. "Adaptive Strategies in Response to the Economic Crisis: A Cross-Cultural Study in Austria and Slovenia," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 10(3 (Fall)), pages 257-282.
    4. Silviano Esteve-Pérez & Fabio Pieri & Diego Rodriguez, 2024. "Coping with high decline: firms’ resilience to adversity," Small Business Economics, Springer, vol. 63(1), pages 193-219, June.
    5. Zand, Fardad & Van Beers, Cees & Van Leeuwen, George, 2011. "Information technology, organizational change and firm productivity: A panel study of complementarity effects and clustering patterns in Manufacturing and Services," MPRA Paper 46469, University Library of Munich, Germany.
    6. Geroski, P. A. & Gregg, P., 1996. "What makes firms vulnerable to recessionary pressures?," European Economic Review, Elsevier, vol. 40(3-5), pages 551-557, April.
    7. Shirokova, G. & Beliaeva, T. & Gafforova, E., 2016. "Strategic orientations during economic crisis: Stay focused or adopt a broader strategic direction?," Working Papers 6444, Graduate School of Management, St. Petersburg State University.
    8. Paul Geroski & Paul Gregg & Thibaut Desjonqueres, 1995. "Did the Retreat of UK Trade Unionism Accelerate during the 1990–1993 Recession?," British Journal of Industrial Relations, London School of Economics, vol. 33(1), pages 35-54, March.
    9. Lamprinakis, Lampros, 2012. "Organizational Innovation and Institutional Change: The Case of Valio in Finland," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 3(2), pages 1-11, December.
    10. Pull, Kerstin & Schneider, Martin, 1998. "Beschäftigungs- und Lohndynamik in hochqualifizierten Unternehmen," Quint-Essenzen 54, University of Trier, Institute for Labour Law and Industrial Relations in the European Community (IAAEG).

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