Labour productivity in UK manufacturing in the 1970s and in the 1980s. (United Kingdom)

From: National Institute Economic Review | Date: May 1, 1990| Author: Oulton, Nicholas | Copyright information

What accounts for the productivity improvement experienced in manufacturing since 1979? Answers to this question are sought from a regression analysis of 93 manufacturing industries over the period 1971-86. The main findings are that when other influences, such as raw material prices and the shock of the 1980-1 recession, are eliminated, there has been an improvement in the 1980s in the growth rate of productivity whose impact effect averaged 4 per cent per annum. Between a quarter...

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