The UK productivity puzzle
Labour productivity growth in the United Kingdom has been particularly weak since the start of the crisis. The recent strength in hiring and modest pickup in productivity growth suggest that spare capacity within firms is unlikely to explain much of the current weakness. Factors related to the nature of the financial crisis are likely to be having a persistent impact on the level of productivity — but there remains considerable uncertainty around any interpretation of the puzzle.
Year of publication: |
2014
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Authors: | Barnett, Alina ; Batten, Sandra ; Chiu, Adrian ; Franklin, Jeremy ; Sebastia-Barriel, Maria |
Published in: |
Bank of England Quarterly Bulletin. - Bank of England. - Vol. 54.2014, 2, p. 114-128
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Publisher: |
Bank of England |
Saved in:
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