Trade, Investment & Productivity

Publication date: 18 Oct 2019 | Publication type: NIESR Discussion Paper | Theme: Trade, Investment & Productivity | Authors: Riley, R, Rincon-Aznar, A, Samek, L | JEL classification: E22, E23, L60, L70, L80, L90, O47 | NIESR discussion paper number: 508
We analyse new industry-level data to re-examine the UK productivity puzzle. We carry out an accounting exercise that allows us to distinguish general macroeconomic patterns from sector trends and idiosyncrasies, providing a roadmap for anyone interested in explaining the puzzle. We focus on the UK...
Publication date: 8 Jul 2019 | Publication type: Report | Theme: Trade, Investment & Productivity | Authors: Rincon-Aznar, A, Forth, J | External authors: Fernández de Guevara, J, Maudos, J, Molla, S, Perez-Garcia, F, Llano, C | Publisher: European Commission | Report to: European Commission, Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs
The Spanish economy has been growing at over 3% since 2015, above the average for the EU and the euro area. Unemployment, although still 10 percentage points above the EU average, has fallen from a high of 26.1% in 2013 to 17.2% in 2017. Interest rates are at historical lows thanks to the expansive...
Publication date: 5 Jun 2019 | Publication type: NIESR Discussion Paper | Theme: Trade, Investment & Productivity | Authors: Hall, B | JEL classification: H25, O32, O38 | NIESR discussion paper number: 506
A large number of countries around the world now provide some kind of tax incentive to encourage firms to undertake innovative activity. This paper presents the policy rationale for these incentives, discusses their design and potential effectiveness, and reviews the empirical evidence on their...
Publication date: 16 May 2019 | Publication type: Journal article/book/chapter | Theme: Trade, Investment & Productivity | Authors: Rincon-Aznar, A | Journal: Economics of Innovation and New Technology No. Forthcoming | Publisher: Routledge, Taylor & Francis Group
Publication date: 3 May 2019 | Publication type: NIESR Discussion Paper | Theme: Trade, Investment & Productivity | Authors: Riley, R, Young, G | External authors: Anderson, G | JEL classification: D22, D24, G21, G30, L10 | NIESR discussion paper number: 503
Exploiting differences in pre-crisis business banking relationships, we present evidence to suggest that restricted credit availability following the 2008 financial crisis increased the rate of business failure in the United Kingdom. But rather than "cleansing” the economy by accelerating the exit...
Publication date: 6 Feb 2019 | Publication type: National Institute Economic Review | Theme: Trade, Investment & Productivity | External authors: Wales, P | JEL classification: J24, E24, D24 | Journal: National Institute Economic Review Issue 247 | Publisher: Sage Publications, London
The UK’s recent productivity performance has been strikingly weak. Output per hour worked, which increased by around 2.1 per cent per year in the decade leading up to the economic downturn, increased by just 0.2 per cent per year in the ten years following the global financial crisis. This paper...

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