Labour productivity in UK manufacturing in the 1970s and in the 1980s
Oulton, N.
(1990).
Labour productivity in UK manufacturing in the 1970s and in the 1980s.
National Institute Economic Review,
132(1), 71-91.
https://doi.org/10.1177/002795019013200107
(1990).
Labour productivity in UK manufacturing in the 1970s and in the 1980s.
National Institute Economic Review,
132(1), 71-91.
https://doi.org/10.1177/002795019013200107
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.