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Tfp growth in British and German manufacturing, 1950 - 1996
preprint
posted on 2006-01-30, 18:03 authored by Nicholas Crafts, Terence MillsThe current U.K. government has put improving productivity at the top of the policy agenda. Its most recent report drew attention to a shortfall in total factor productivity (TFP) as an important part of the British labour productivity gap that is revealed by international comparisons (HM Treasury, 2000). This reflects the now pervasive use of neoclassical growth accounting to benchmark productivity performance.
History
School
- Business and Economics
Department
- Economics
Pages
166458 bytesPublisher
© Loughborough UniversityPublication date
2001Notes
This paper forms part of the ESRC funded project (Award No. L1382511013) “Business Cycle Volatility and Economic Growth: A Comparative Time Series Study”, which itself is part of the Understanding the Evolving Macroeconomy Research programme. We wish to thank Regina Grafe for excellent research assistance and Mary O'Mahony for generously making data available to us. We are responsible for all errors and omissions.Language
- en
