Productivity Dynamics in the Great Stagnation: Evidence from British Businesses

Publication date: 9 Apr 2014 | Publication type: Conference and seminar output | Theme: Trade, Investment & Productivity | NIESR Author(s): Riley, R | External Author(s): Young, G

We investigate to what extent the weakness in productivity in the aftermath of the global financial crisis of 2007/2008  may be due to:

  • a reduction in the allocation of resources between high and low productivity firms which might occur through:
  • resource misallocation between existing firms
  • a lack of creative destruction
  • •a widespread productivity shock occurring within firms