- Home
- Publications
- The Financial Crisis, Bank Lending And UK Productivity: Sectoral And Firm-Level Evidence
The Financial Crisis, Bank Lending and UK Productivity: Sectoral and Firm-Level Evidence


Downloads
The-Financial-Crisis-Bank-Lending-and-UK-Productivity-Sectoral-and-Firm-Level-Evidence-4.pdfExternal Authors

Young, G
Related Themes
Productivity, Trade, and Regional EconomiesExternal Resources
This paper assesses the evidence and investigates some of the mechanisms by which the most recent banking sector crisis might have affected the supply side of the UK economy. We find clear evidence that the banking sector crisis affected credit supply to businesses and caused bank lending to decline. But we do not find much evidence of the heterogeneity in performance between different industrial sectors that would have been expected if banking sector impairment had been the key factor holding back productivity growth. Consistent with this we do not find strong evidence that a lack of reallocation of resources across businesses has been a substantial drag on productivity growth.
Related Blog Posts


Regenerating the UK Regions – Insights from New Economic Geography
Arnab Bhattacharjee
Adrian Pabst
6 min read

What Next for UK Industrial Policy and Productivity?
Konstantinos Myrodias
Adrian Pabst
4 min read

Related Projects
Related News
Related Publications
Econometric Analysis of the Determinants of Bank Profitability in Three Major African Counties: Kenya, Nigeria and South Africa
30 Mar 2022
Discussion Papers
Related events

Productivity Commission Evidence Session: What and How Can Productivity Be Improved?

Productivity Commission Evidence Session on International Best Practice

Productivity after Covid-19
Workshop on Productivity and Structural Change

2021 Prais Lecture: State Capacity and Economic Growth: Cautionary Tales
Sizing the Productivity Problem: an evidence session from the Productivity Commission

