Trade, Investment & Productivity

Publication date: 6 Feb 2019 | Publication type: National Institute Economic Review | Theme: Trade, Investment & Productivity | External authors: Bartelsman, E, Lopez-Garcia, P, Presidente, G | JEL classification: E24, E32, J63, O4 | Journal: National Institute Economic Review Issue 247 | Publisher: Sage Publications, London
This paper builds upon Bartelsman, Lopez-Garcia, and Presidente (2018) and provides empirical evidence on the cyclical features of labour reallocation in a sample of European Union (EU) countries over the Great Recession and the slow recovery. The analysis makes use of cross-country micro-...
Publication date: 6 Feb 2019 | Publication type: National Institute Economic Review | Theme: Trade, Investment & Productivity | External authors: Harris, R, Moffat, J | JEL classification: D22, D24, L6 | Journal: National Institute Economic Review Issue 247 | Publisher: Sage Publications, London
This paper uses plant-level estimates of total factor productivity covering 40 years to examine what role, if any, productivity has played in the decline of output share and employment in British manufacturing. The results show that TFP growth in British manufacturing was negative between 1973 and...
Publication date: 6 Feb 2019 | Publication type: National Institute Economic Review | Theme: Trade, Investment & Productivity | External authors: Crafts, N | JEL classification: N14, O47, O52 | Journal: National Institute Economic Review Issue 247 | Publisher: Sage Publications, London
On average, UK productivity performance in the decades leading up to the financial crisis was quite disappointing. Joining the EU was not to blame. Indeed, EU membership, which was an integral part of the Thatcher reform programme, had a significant positive impact. Over the long run, UK supply-...
Publication date: 6 Feb 2019 | Publication type: National Institute Economic Review | Theme: Trade, Investment & Productivity | External authors: Fuchs-Schündeln, N | JEL classification: E24, H20, H31, J21, J22, O11 | Journal: National Institute Economic Review Issue 247 | Publisher: Sage Publications, London
I summarise new facts on hours worked differences across countries and their driving forces. The facts are derived from a comprehensive analysis of micro data sets. First, hours worked are substantially higher in poor than in rich countries. Second, lower hours worked in Europe than in the US can...
Publication date: 6 Feb 2019 | Publication type: National Institute Economic Review | Theme: Trade, Investment & Productivity | Authors: Chadha, J S | Journal: National Institute Economic Review Issue 247 | Publisher: Sage Publications, London
There continues to be considerable discussion in all of polite society about the causes of the productivity puzzle. Commissions and Inquiries have been set up and answers sought with the most recent, the Industrial Strategy Council, having its inaugural meeting in November 2018. The National...
Publication date: 15 Jan 2019 | Publication type: Policy Paper | Theme: Trade, Investment & Productivity | Authors: Nguyen, D | Report number: 10
This short paper explores the evolution of regional economic disparities in the UK from the 1960s until now. While there have always been economic disparities, more than two thirds of places now are less productive than the national average. Regional differences are discussed in terms of incomes...
Publication date: 26 Nov 2018 | Publication type: Journal article/book/chapter | Theme: Trade, Investment & Productivity | Authors: Venturini, F | External authors: Igna, I.A. | Journal: Economics of Innovation and New Technology No. Forthcoming | Publisher: Routledge, Taylor & Francis Group
This paper investigates the effect of educational mismatch of R&D workers on firm's returns to innovation. R&D labour mismatch emerges when R&D workers have competencies different from those required by their occupation providing a contribution to innovation lower than in the case of...
Publication date: 31 Oct 2018 | Publication type: National Institute Economic Review | Theme: Trade, Investment & Productivity | Authors: Mason, G, O'Mahony, M, Riley, R | JEL classification: D24, E01, I25, L11, L60, L80, M10, O30, O47 | Journal: National Institute Economic Review Issue 246 | Publisher: Sage Publications, London
UK labour productivity is significantly lower than that of many other similarly advanced economies and has been so for decades, with negative implications for UK living standards. To make matters worse, during the last ten years labour productivity growth has stalled in most industrialised...
Publication date: 31 Jul 2018 | Publication type: Journal article/book/chapter | Theme: Trade, Investment & Productivity | Authors: Venturini, F, Vecchi, M | External authors: Pieri, F | Journal: Research Policy No. In press | Publisher: Elsevier, Oxford
performance of industrialized economies. Using a Stochastic Frontier Model (SFM) we estimate the productivity effects of R&D and ICT for a large sample of OECD industries between 1973 and 2007, identifying four channels of transmission: input accumulation, technological change, technical...

Pages