Accounting for the UK Productivity Puzzle : A Decomposition and Predictions *

  • Peter Goodridge
  • Published 2015

Abstract

This paper revisits the UK productivity puzzle using a new set of data on outputs and inputs and clarifying the role of output mismeasurement, input growth and industry effects. Our data indicates an implied labour productivity gap of 13 percentage points in 2011 relative to the productivity level on pre-recession trends. We find that: (a) the labour… (More)

9 Figures and Tables

Topics

  • Presentations referencing similar topics