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Labour productivity and foreign ownership in the UK

Oulton, Nicholas ORCID: 0000-0002-1595-7732 (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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Abstract

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: https://www.niesr.ac.uk/publications/labour-produc...
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: 14 Sep 2024 04:11
URI: http://eprints.lse.ac.uk/id/eprint/107886

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