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: 24 Jul 2019 | Publication type: National Institute Economic Review | Authors: Coyle, D, Nguyen, D | JEL classification: E01, L86, D24 | Journal: National Institute Economic Review Issue 249 | Publisher: Sage Publications, London
When economists talk about ‘measurement’ they tend to refer to metrics that can capture changes in quantity, quality and distribution of goods and services. In this paper we argue that the digital transformation of the economy, particularly the rise of cloud computing as a general-purpose...
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: 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: 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: 6 Apr 2018 | Publication type: Report | Theme: Trade, Investment & Productivity | Authors: Forth, J, Rincon-Aznar, A | Report to: Joseph Rowntree Foundation
Concern about the UK’s productivity problem has become widespread. Fixing the UK’s productivity problem requires action for the lagging parts of the economy – low pay sectors such as retail and hospitality, the long tail of low-productivity firms, and the five million individuals in the UK lacking...
Publication date: 5 Mar 2018 | Publication type: NIESR Discussion Paper | Theme: Education & Labour | Authors: Bryson, A, Forth, J | JEL classification: L25, L26, M12, M52, M53 | NIESR discussion paper number: 488
We examine the impact of management practices on firm performance among SMEs in Britain over the period 2011-2014, using a unique dataset which links survey data on management practices with firm performance data from the UK’s official business register. We find that SMEs are less likely to use...
Publication date: 21 Nov 2017 | Publication type: NIESR Discussion Paper | Theme: Employment & Social policy | Authors: Bryson, A | External authors: Erling, B, Dale-Olsen, H | JEL classification: J01, J08, J50, J51 | NIESR discussion paper number: 481
We exploit tax-induced exogenous variance in the price of union membership to identify the effects of changes in firm union density on firm productivity and wages in the population of Norwegian firms over the period 2001 to 2012. Increases in union density lead to substantial increases in firm...
Publication date: 1 Aug 2017 | Publication type: NIESR Discussion Paper | Theme: Employment & Social policy | Authors: Bryson, A | JEL classification: J24, J28, L22, L23, M12, M54 | NIESR discussion paper number: 477
I examine the history of employee engagement and how it has been characterised by thinkers in sociology, psychology, management and economics.  I suggest that, while employers may choose to invest in employee engagement, there are alternative management strategies that may be profit-maximising. I...
Publication date: 8 May 2017 | Publication type: General Election Briefing | Theme: Macroeconomics | Authors: Chadha, J S Issue 1
Key points: The conventional wisdom is that this election is about the UK’s decision to leave the EU and this is clearly a critical issue. But political parties should not shy away from answering the question of Britain’s underlying economic weakness. The disappointing growth in the level of GDP...

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