Abstract
What accounts for the productivity improvement experienced in manufacturing since 1979? Answers to this question are sought from a regression analysis of 93 manufacturing industries over the period 1971-86. The main findings are that when other influences, such as raw material prices and the shock of the 1980-1 recession, are eliminated, there has been an improvement in the 1980s in the growth rate of productivity whose impact effect averaged 4 per cent per annum. Between a quarter and a half of this is attributable to a decline in the disadvantages of unionisation.
Publisher
Cambridge University Press (CUP)
Subject
General Economics, Econometrics and Finance
Reference32 articles.
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2. Oulton, N. (1988), ‘Productivity, investment and scrapping in UK manufacturing: a vintage capital approach’, NIESR Discussion Paper No. 148, November, London.
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