Corry, Dan, Valero, Anna and Van Reenen, John (2011) UK economic performance since 1997: growth, productivity and jobs. Centre for Economic Performance special papers, CEPSP24. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
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A common view is that the performance of the UK economy between 1997 and 2010 under Labour was very weak and that the current economic problems are a consequence of poor policies in this period. In this report, we analyse the historical performance of the UK economy since 1997 compared with other major advanced economies and with performance prior to 1997, notably the years of Conservative government, 1979-97. We focus on measures of business performance, especially productivity growth. This is a key economic indicator as in the long run, productivity determines material wellbeing - wages and consumption. Productivity determines the size of the 'economic pie' available to the citizens of a country.
|Item Type:||Monograph (Technical Report)|
|Additional Information:||© 2011 The Authors|
|Uncontrolled Keywords:||income, productivity, UK economic performance, government economic policy, Great Recession, business|
|Library of Congress subject classification:||H Social Sciences > HC Economic History and Conditions|
|Journal of Economic Literature Classification System:||N - Economic History > N3 - Labor and Consumers, Demography, Education, Health, Income, and Wealth > N34 - Economic History: Labor and Consumers, Demography, Education, Health, Income and Wealth: Europe: 1913-|
|Sets:||Departments > Economics
Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
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