Oulton, Nicholas

Number of items: 104.
Article
  • Oulton, Nicholas (2025). To chain or not to chain? measuring real GDP in the US and the choice of index number. Journal of Productivity Analysis, 63(1), 1 - 16. https://doi.org/10.1007/s11123-024-00732-4 picture_as_pdf
  • Oulton, Nicholas (2023). The effect of changes in the terms of trade on GDP and welfare: a Divisia approach to the system of national accounts. Manchester School, 91(4), 261 - 282. https://doi.org/10.1111/manc.12437 picture_as_pdf
  • Oulton, Nicholas (2019). The UK (and Western) productivity puzzle: does Arthur Lewis hold the key? International Productivity Monitor, 36, 110-141.
  • Oulton, Nicholas (2018). Productivity and the Great Recession. Intereconomics, 53(2), 63-68. https://doi.org/10.1007/s10272-018-0723-x picture_as_pdf
  • Oulton, Nicholas, Sebastiá-Barriel, María (2017). Effects of financial crises on productivity, capital and employment. Review of Income and Wealth, https://doi.org/10.1111/roiw.12253
  • Oulton, Nicholas, Wallis, Gavin (2016). Capital stocks and capital services: integrated and consistent estimates for the United Kingdom, 1950–2013. Economic Modelling, 54, 117-125. https://doi.org/10.1016/j.econmod.2015.12.024
  • Oulton, Nicholas (2016). The mystery of TFP. International Productivity Monitor, 31,
  • Oulton, Nicholas (2015). Understanding the space–time (in)consistency of the national accounts. Economics Letters, 132, 21-23. https://doi.org/10.1016/j.econlet.2015.04.009
  • Oulton, Nicholas (2013). Has the growth of real GDP in the UK been overstated because of mis-measurement of banking output? National Institute Economic Review, 224(1), R59-R65. https://doi.org/10.1177/002795011322400105
  • Oulton, Nicholas (2012). Hooray for GDP! Centrepiece, 17(3), 6-11.
  • Oulton, Nicholas (2012). How to measure living standards and productivity. Review of Income and Wealth, 58(3), 424-456. https://doi.org/10.1111/j.1475-4991.2012.00498.x
  • Oulton, Nicholas (2012). Long term implications of the ICT revolution: applying the lessons of growth theory and growth accounting. Economic Modelling, 29(5), 1722-1736. https://doi.org/10.1016/j.econmod.2012.04.025
  • Chevalier, Paul-Antoine, Lecat, Rémy, Oulton, Nicholas (2012). Convergence of firm-level productivity, globalisation and information technology: evidence from France. Economics Letters, 116(2), 244-246. https://doi.org/10.1016/j.econlet.2012.02.022
  • Chevalier, Paul-Antoine, Lecat, Rémy, Oulton, Nicholas (2009). Convergence de la productivité des entreprises, mondialisation, technologies de l'information et concurrence. Économie et Statistique, (419), 101 - 124.
  • Oulton, Nicholas (2008). How to measure the rising cost of living. Centrepiece, 13(2), 18-20.
  • Oulton, Nicholas (2008). Chain indices of the cost-of-living and the path-dependence problem: an empirical solution. Journal of Econometrics, 144(1), 306-324. https://doi.org/10.1016/j.jeconom.2008.02.001
  • Oulton, Nicholas (2007). Ex post versus ex ante measures of the user cost of capital. Review of Income and Wealth, 53(2), 295-317. https://doi.org/10.1111/j.1475-4991.2007.00232.x
  • Oulton, Nicholas (2007). Investment-specific technological change and growth accounting. Journal of Monetary Economics, 54(4), 1290-1299. https://doi.org/10.1016/j.jmoneco.2006.02.004
  • Oulton, Nicholas (2004). Productivity versus welfare: or GDP versus Weitzman's NDP. Review of Income and Wealth, 50(3), 329-355. https://doi.org/10.1111/j.0034-6586.2004.00129.x
  • Oulton, Nicholas (2002). ICT and productivity growth in the United Kingdom. Oxford Review of Economic Policy, 18(3), 363 - 379. https://doi.org/10.1093/oxrep/18.3.363
  • Hart, Peter E., Oulton, Nicholas (2001). Galtonian regression, company age and job generation 1986-95. Scottish Journal of Political Economy, 48(1), 82-98. https://doi.org/10.1111/1467-9485.00186
  • Oulton, Nicholas (2001). Measuring capital services in the United Kingdom. Bank of England Quarterly Bulletin, (Autumn), 295-309.
  • Oulton, Nicholas (2001). Must the growth rate decline?: Baumol's unbalanced growth revisited. Oxford Economic Papers, 53(4), 605-627. https://doi.org/10.1093/oep/53.4.605
  • Oulton, Nicholas (2000). A tale of two cycles: closure, downsizing and productivity growth in UK manufacturing, 1973-89. National Institute Economic Review, 173(1), 66-79. https://doi.org/10.1177/002795010017300108
  • O'Mahony, Mary, Oulton, Nicholas (2000). International comparisons of labour productivity in transport and communications: the US, the UK and Germany. Journal of Productivity Analysis, 14(1), 7-30. https://doi.org/10.1023/A:1007828627727
  • Hart, Peter E., Oulton, Nicholas (1999). Gibrat, Galton and job generation. International Journal of the Economics of Business, 6(2), 149-164. https://doi.org/10.1080/13571519984197
  • O'Mahony, Mary, Oulton, Nicholas, Vass, Jennet (1998). Market services: productivity benchmarks for the UK. Oxford Bulletin of Economics and Statistics, 60(4), 529-551.
  • Oulton, Nicholas (1998). Technology, globalisation and economic performance - A Review of Daniele Archibugi and Jonathan Michie, eds, Technology, Globalisation and Economic Performance. International Journal of the Economics of Business, 5(3), 409-414. https://doi.org/10.1080/13571519884468
  • Oulton, Nicholas (1998). The implications of the Boskin report. National Institute Economic Review, 165, 89-98. https://doi.org/10.1177/002795019816500111
  • Oulton, Nicholas (1998). Competition and the dispersion of labour productivity amongst UK companies. Oxford Economic Papers, 50(1), 23-38. https://doi.org/10.1093/oxfordjournals.oep.a028634
  • Oulton, Nicholas (1997). The ABI Respondents Database: a new resource for industrial economics research. Economic Trends, 528,
  • Oulton, Nicholas (1997). Total factor productivity growth and the role of externalities. National Institute Economic Review, 162, 99-111. https://doi.org/10.1177/002795019716200108
  • Hart, Peter E., Oulton, Nicholas (1997). Zipf and the size distribution of firms. Applied Economics Letters, 4(4), 205-206. https://doi.org/10.1080/758518494
  • Hart, Peter E., Oulton, Nicholas (1996). Growth and size of firms. Economic Journal, 106(438), 1242-1252. https://doi.org/10.2307/2235518
  • Oulton, Nicholas (1996). Increasing returns and externalities in UK manufacturing myth or reality? Journal of Industrial Economics, 44(1), 99-113. https://doi.org/10.2307/2950564
  • Oulton, Nicholas, Young, Garry (1996). How high is the social rate of return to investment? Oxford Review of Economic Policy, 12(2), 48-69. https://doi.org/10.1093/oxrep/12.2.48
  • Oulton, Nicholas (1995). Supply side reform and UK economic growth what happened to the miracle? National Institute Economic Review, 154, 53-70. https://doi.org/10.1177/002795019515400104
  • Oulton, Nicholas (1995). Do UK price indexes overstate inflation? National Institute Economic Review, 152(1), 60-75. https://doi.org/10.1177/002795019515200105
  • Oulton, Nicholas (1995). Depreciation, obsolescence and the role of capital in growth accounting. Bulletin of Economic Research, 47(1), 21-33. https://doi.org/10.1111/j.1467-8586.1995.tb00598.x
  • Oulton, Nicholas (1994). Labour productivity and unit labour costs in manufacturing: the UK and its competitors. National Institute Economic Review, 148(1), 49-60. https://doi.org/10.1177/002795019414800105
  • Oulton, Nicholas (1993). Widening the human stomach: the effect of new consumer goods on economic growth and leisure. Oxford Economic Papers, 45(3), 364-386. https://doi.org/10.1093/oxfordjournals.oep.a042097
  • Oulton, Nicholas (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
  • Oulton, Nicholas (1989). Productivity growth in manufacturing, 1963-85: The roles of new investment and scrapping. National Institute Economic Review, 127(1), 64-75. https://doi.org/10.1177/002795018912700106
  • Oulton, Nicholas (1987). Plant closures and the productivity ‘Miracle’ in manufacturing. National Institute Economic Review, 121(1), 53-59. https://doi.org/10.1177/002795018712100106
  • OULTON, NICHOLAS (1983). Persistence of wages, prices and output under rational expectations when the labour market is dominated by workplace bargaining. The Manchester School, 51(2), 111-128. https://doi.org/10.1111/j.1467-9957.1983.tb00744.x
  • Oulton, Nicholas (1981). Aggregate investment and Tobin's Q: the evidence from Britain. Oxford Economic Papers, 33(2), 177-202. https://doi.org/10.1093/oxfordjournals.oep.a041504
  • Oulton, Nicholas (1978). Explaining aggregate investment in Britain: the importance of Tobin's Q. Economics Letters, 1(3), 253-257. https://doi.org/10.1016/0165-1765(78)90034-4
  • Oulton, Nicholas (1974). The distribution of education and the distribution of income. Economica, 41(164), 387 - 402. https://doi.org/10.2307/2553350
    • Chapter
  • Oulton, Nicholas (2020). Productivity and growth. In Althow, J. & Grice, J. (Eds.), Measuring the economy . Great Britain. Office for National Statistics. [In Press]
  • Oulton, Nicholas (2018). Main challenges to GDP. In The Future of GDP (pp. 17 - 29). Credit Suisse Research Institute.
  • Oulton, Nicholas (2016). Prospects for UK growth in the aftermath of the financial crisis. In Chadha, J., Chrystal, A., Pearlman, J., Smith, P. & Wright, S. (Eds.), The UK Economy in the Long Expansion and its Aftermath (pp. 17-80). Cambridge University Press. https://doi.org/10.1017/CBO9781316556191.003 picture_as_pdf
  • Oulton, Nicholas, Rincon-Aznar, Ana (2012). Rates of return and alternative measures of capital input: 14 countries and 10 branches, 1971-2005. In Mas, M. & Stehrer, R. (Eds.), Industrial Productivity in Europe: Growth and Crisis (pp. 307-336). Edward Elgar.
  • Oulton, Nicholas (2009). ICT and productivity growth in the United Kingdom. In Jorgenson, D. & Morris, S. W. (Eds.), The Economics of Productivity . Edward Elgar.
  • Basu, Susanto, Fernald, John G., Oulton, Nicholas, Srinivasan, Sylaja (2009). The case of the missing productivity growth, or does information technology explain why productivity accelerated in the United States but not in the United Kingdom? In Jorgenson, D. & Morris, S. W. (Eds.), The Economics of Productivity . Edward Elgar.
  • Basu, Susanto, Fernald, John G., Oulton, Nicholas, Srinivasan, Sylaja (2004). The case of the missing productivity growth, or does information technology explain why productivity accelerated in the United States but not in the United Kingdom? In Gertler, M. & Rogoff, K. (Eds.), NBER Macroeconomics Annual 2003 (pp. 9-18). MIT Press.
  • Oulton, Nicholas (2000). Why do foreign-owned firms in the UK have higher labour productivity? In Pain, N. (Ed.), Inward Investment, Technological Change and Growth: the Impact of Multinational Corporations on the Uk Economy (pp. 122-161). Palgrave Macmillan. picture_as_pdf
  • Oulton, Nicholas (1996). Workforce skills and export competitiveness: an Anglo-German comparison. In Booth, A. & Snower, D. (Eds.), Acquiring Skills: Market Failures, their Symptoms and Policy Responses (pp. 199-233). Cambridge University Press.
  • Oulton, Nicholas, Steedman, Hilary (1994). The British system of youth training: a comparison with Germany. In Lynch, L. M. (Ed.), Training and the private sector: international comparisons . University of Chicago Press.
  • Oulton, Nicholas (1991). Investment and productivity growth. In Britton, A. (Ed.), Industrial investment as a policy objective . Centre For Macroeconomics, London School of Economics and Political Science.
  • Oulton, Nicholas (1989). Trade unions, product quality and the structure of international trade. In Black, J. & MacBean, A. I. (Eds.), Causes of Changes in the Structure of International Trade, 1960-1985 . Palgrave Macmillan.
  • Oulton, Nicholas (1976). Effective protection in Britain. In Corden, W. M. & Fels, G. (Eds.), Public Assistance to Industry in Britain and Germany (pp. 46-90). Palgrave Macmillan.
  • Oulton, Nicholas (1973). A cost benefit study of alternative runway investment at Edinburgh (Turnhouse) airport. In Wolfe, J. (Ed.), Cost Benefit and Cost Effectiveness: Studies and Analysis . George Allen & Unwin Ltd.
    • Report
  • Oulton, Nicholas (2013). Medium and long run prospects for UK growth in the aftermath of the financial crisis. (CEP Occasional Papers CEPOP37). The London School of Economics and Political Science, Center of Economic Performance.
  • Oulton, Nicholas (2013). Has the growth of real GDP in the UK been overstated because of mis-measurement of banking output? (Centre for Economic Performance occasional papers CEPOP33). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas (2012). Hooray for GDP! (Centre for Economic Performance occasional papers CEPOP30). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas (2004). A statistical framework for the analysis of productivity and sustainable development. Great Britain. Treasury.
    • Working paper
  • Oulton, Nicholas (2020). Measuring productivity: theory and British practice. (CFM Discussion paper series CFM-DP2020-02). Centre For Macroeconomics, London School of Economics and Political Science. picture_as_pdf
  • Oulton, Nicholas (2020). Measuring productivity: theory and British practice. (ESCoE Discussion Paper 2020-01). Economic Statistics Centre of Excellence. picture_as_pdf
  • Oulton, Nicholas (2019). GDP is a measure of output, not welfare: or, HOS meets the SNA. (CFM discussion paper series CFM-DP2019-06). Centre For Macroeconomics, London School of Economics and Political Science. picture_as_pdf
  • Oulton, Nicholas, Rincon-Aznar, Ana, Samek, Lea, Srinivasan, Sylaja (2018). Double deflation: theory and practice. (CFM discussion paper series CFM-DP2018-31). Centre For Macroeconomics, London School of Economics and Political Science. picture_as_pdf
  • Oulton, Nicholas (2018). The UK (and Western) productivity puzzle: does Arthur Lewis hold the key? (CFM Discussion Paper Series CFM-DP2018-09). Centre For Macroeconomics, London School of Economics and Political Science.
  • Oulton, Nicholas (2018). GDP and the system of national accounts: past, present and future. (CFM Discussion Paper Series CFM-DP2018-02). Centre For Macroeconomics.
  • Oulton, Nicholas (2017). The mystery of TFP. (CFM discussion paper series CFM-DP2017-06). Centre For Macroeconomics.
  • Oulton, Nicholas (2015). Space-time (In)consistency in the national accounts: causes and cures. (CFM discussion paper series CFM-DP2015-24). Centre For Macroeconomics.
  • Oulton, Nicholas (2015). Space-time (in)consistency in the national accounts:causes and cures. (CEP Discussion Papers CEPDP1349). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas, Wallis, Gavin (2015). Integrated estimates of capital stocks and services for the United Kingdom: 1950-2013. (CEP Discussion Papers CEPDP1342). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas (2013). Medium and long run prospects for UK growth in the aftermathof the financial crisis. (CFM discussion paper series CFM-DP2013-7). Centre For Macroeconomics.
  • Oulton, Nicholas, Sebastiá-Barriel, María (2013). Long and short-term effects of the financial crisis on labour productivity, capital and output. (CEP Discussion Papers CEPDP1185). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas, Sebastiá-Barriel, María (2013). Long and short-term effects of the financial crisis on labour productivity, capital and output. (Bank of England working papers 470). Bank of England.
  • Oulton, Nicholas (2011). The wealth and poverty of nations: true PPPs for 141 countries. (CEP discussion papers CEPDP1080). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas (2010). Long term implications of the ICT revolution: applying the lessons of growth theory and growth accounting. (Centre for Economic Performance discussion papers CEPDP1027). London School of Economics and Political Science.
  • Chevalier, Paul-Antoine, Lecat, Rémy, Oulton, Nicholas (2009). Convergence of firm-level productivity, globalisation, information technology and competition: evidence from France. (CEP Discussion Paper 916). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas (2009). How to measure living standards and productivity. (CEP Discussion Paper 949). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas, Rincon-Aznar, Ana (2009). Rates of return and alternative measures of capital input: 14 countries and 10 branches, 1971-2005. (CEP Discussion Paper 957). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas (2007). Jeremy Greenwood and Per Krusell, "growth accounting with investment-specific technological progress: a discussion of two approaches" a rejoinder. (CEPDP 802). Centre for Economic Policy, London School of Economics and Political Science.
  • Oulton, Nicholas (2007). Chain indices of the cost of living and the path-dependence problem: an empirical solution. (CEPDP 797). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas (2005). Ex post versus ex ante measures of the user cost of capital. (CEPDP 698). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas, Srinivasan, Sylaja (2005). Productivity growth in UK industries, 1970-2000: structural change and the role of ICT. (Bank of England working papers 259). Bank of England.
  • Oulton, Nicholas, Srinivasan, Sylaja (2005). Productivity growth and the role of ICT in the United Kingdom: an industry view, 1970-2000. (CEPDP 681). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas (2004). A statistical framework for the analysis of productivity and sustainable development. (CEPDP CEPDP0629). London School of Economics and Political Science. Centre for Economic Performance.
  • Oulton, Nicholas (2004). Investment-specific technological change and growth accounting. (Bank of England working papers 213). Bank of England.
  • Basu, Susanto, Fernald, John G., Oulton, Nicholas, Srinivasan, Sylaja (2003). The case of the missing productivity growth: or, does information technology explain why productivity accelerated in the US but not the UK? (NBER working paper 10010). National Bureau for Economic Research.
  • Oulton, Nicholas, Srinivasan, Sylaja (2003). The Bank of England industry dataset. Bank of England.
  • Bakhshi, Hasan, Oulton, Nicholas, Thompson, Jamie (2003). Modelling investment when relative prices are trending: theory and evidence for the United Kingdom. (Bank of England working papers 189). Bank of England.
  • Oulton, Nicholas, Srinivasan, Sylaja (2003). Capital stocks, capital services, and depreciation: an integrated framework. (Bank of England working papers 192). Bank of England.
  • Oulton, Nicholas (2002). Productivity versus welfare: or, GDP versus Weitzman’s NDP. (Bank of England working papers 163). Bank of England.
  • Oulton, Nicholas (2001). ICT and productivity growth in the United Kingdom. (Staff working paper 140). Bank of England.
  • Oulton, Nicholas (2000). Must the growth rate decline?: Baumol's unbalanced growth revisited. (Bank of England working papers 107). Bank of England.
  • Oulton, Nicholas (1998). Labour productivity and foreign ownership in the UK. (NIESR Discussion Papers 143). The National Institute of Economic and Social Research (NIESR).
  • Oulton, Nicholas (1998). Investment, capital and foreign ownership in UK manufacturing. (NIESR Discussion Papers 141). The National Institute of Economic and Social Research (NIESR).
  • Oulton, Nicholas (1998). A tale of two cycles: closure, downsizing and productivity growth in UK manufacturing, 1973-89. (NIESR Discussion Papers 140). The National Institute of Economic and Social Research (NIESR).
  • Oulton, Nicholas, O’Mahony, Mary (1994). Productivity and growth: a study of British industry, 1954-1986. (NIESR Occasional Papers 46). The National Institute of Economic and Social Research (NIESR).
  • Oulton, Nicholas (1990). Trade in services and the European community. (Thames Essays 56). Trade Policy Research Centre.
  • Oulton, Nicholas (1973). Tariffs, taxes and trade: the effective protection approach. (Government Economic Service Occasional Papers 6). Stationery Office.