Labour Productivity in UK Manufacturing in the 1970s and in the 1980s

Nicholas Oulton

65 citations0/0 files storedNational Institute Economic Review

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Economic Growth and Productivity Historical Economic and Social Studies Labor market dynamics and wage inequality

Abstract

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.

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References

2003Analysis of Panel Data 1984What do unions do 1967Tax Policy and Investment Behavior 1968Microeconomic Analysis.1989Water Notes Dry Up: The Impact of the Donovan Reform Proposals and Thatcherism At Work on Labour Productivity in British Manufacturing Industry 1990The Economic Effects of Industrial Relations Legislation Since 1979 1981Productivity and Industrial Structure 1983Productivity and Industrial Structure.

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1992Productivity Levels in British and German Manufacturing Industry

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