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Labour productivity in UK manufacturing in the 1970s and in the 1980s

Oulton, Nicholas (1990) Labour productivity in UK manufacturing in the 1970s and in the 1980s. National Institute Economic Review, 132 (1). pp. 71-91. ISSN 0027-9501

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Identification Number: 10.1177/002795019013200107

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.

Item Type: Article
Official URL: https://www.cambridge.org/core/journals/national-i...
Additional Information: © 1990 Cambridge University Press
Divisions: Centre for Macroeconomics
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HC Economic History and Conditions
Date Deposited: 10 Nov 2020 12:33
Last Modified: 17 Feb 2021 17:25
URI: http://eprints.lse.ac.uk/id/eprint/107410

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