productivity growth, productivity decomposition, resource allocation, credit shock, Great Recession, Great Stagnation
Publication date: 31 May 2015
| Publication type: NIESR Discussion Paper
| Theme: Trade, Investment & Productivity
| JEL classification: L11, O47, E32
| NIESR discussion paper number: 450
In many larger advanced economies labour productivity growth slowed sharply and remained subdued for years after the credit crisis of 2007/08. Nowhere was this more obvious than in the UK. We examine the dynamics of productivity among British businesses that lie behind this stagnation. The most...
