British Manufacturing Productivity 1955-1983: Measurement Problems, Oil Shocks and Thatcher Effects.

Working paper

There has been considerable controversy over the apparent slowdown in productivity growth in Britain and in other industrial countries over 1971-80 and the apparent speed up in at least British productivity growth over 1980-83. This paper throws light on these matters by means of an aggregate production function for British manufacturing estimated on quarterly data for 1956-83. This makes it possible to distinguish cyclical movements in productivity caused by variations in labour utilization ...

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Authors: Mendis, L; Muellbauer, J

• Publisher: CEPR
• Host title: C.E.P.R.Discussion Papers
• Series: C.E.P.R.Discussion Papers
• Volume: 32
• Publication date: 1984-01-01
• Paper number: 32
• Language: English