Building the evidence base for productivity policy using business data linking

Abstract

Raising national productivity is a key aim of the government. But the evidence concerning productivity trends used in successive Budgets and Pre-Budget Reports (PBR) has been largely macroeconomic in nature, most notably in international comparisons of productivity and TFP (see, for example, the 2002 PBR). Some important insights have arisen from these data. For example, O’Mahony and De Boer (2002) argue that much of the productivity gap with the US is due to capital and technology and much of the gap with Germany is due to capital and skills. In an industry study Basu et al (2003) show that differences in UK and US productivity growth in retailing explain around two-thirds of the difference between the UK and US productivity accelerations in the late 1990s.

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