productivity, recession

Publication date: 29 May 2015 | Publication type: NIESR Discussion Paper | Theme: Trade, Investment & Productivity | Authors: Bryson, A, Forth, J
The 2008 Great Recession was notable in the UK for three things: the enormity of the output shock; the muted unemployment response; and the very slow rate of recovery.  We review the literature which finds most of the decline in productivity is within sector and within firm before presenting new...