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Labour productivity and foreign ownership in the UK

Oulton, Nicholas (1998) Labour productivity and foreign ownership in the UK. NIESR Discussion Papers (143). The National Institute of Economic and Social Research (NIESR), London, UK.

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Previous studies have found that in manufacturing foreign-owned companies have a substantial productivity lead over domestically-owned ones, but is the same true in the rest of the economy? We investigate this question using a very large database of company accounts. The answer is yes. After controlling for industrial composition and other factors, foreign ownership was found to raise productivity by about a third in non-manufacturing. The foreign productivity lead, which is about the same over UK subsidiaries as over UK independents, can very largely be explained by higher capital per employee and a more skilled labour force.

Item Type: Monograph (Discussion Paper)
Official URL:
Additional Information: © 1998 NIESR
Divisions: Centre for Macroeconomics
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Date Deposited: 11 Dec 2020 16:00
Last Modified: 08 Feb 2021 00:23

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