Structural Economics & Productivity
Why is the UK less productive than similarly advanced nations and what can be done about it? How are the gains from economic growth distributed and why does this matter? What drives firms’ investment patterns and what is the role of institutions, firms and financial intermediation in explaining trends and cycles in productivity? These questions have gained far greater significance since the global financial crisis as productivity growth has disappeared and income gains stagnated for many. Understanding these challenges are key to policy making and our future prosperity.
NIESR has a long record of leading productivity and labour markets research. Our research focuses on improving the measurement of productivity, understanding the influence of education, training & skills on economic performance, the drivers of firm behaviour and innovative capacity, the changing nature and role of labour markets, competitiveness and the efficacy of regulation.