UK Technology Policy, The New Economy and Productivity in UK Manufacturing Industry

Tony Buxton and Gerry Kennally

Icfai University Journal of Applied Economics, 2008, vol. VII, issue 5, pages 26-40

Abstract: : UK has transited from a situation of technology subsidy in the 1980s to the profit-driven best and fair technology environment in the 1990s. But the question is which has been more significant in terms of long-run influence on the productivity and competitiveness of the UK manufacturing industries. This paper attempts to find the structural differences in UK manufacturing industries during 1970-2005 within the Cobb-Douglas production function framework with R&D as one of the factors. The empirical investigations in the paper confirm the short-run structural impact, and non-significant long-run effects on productivity and competitiveness of the technology policies.

Date: 2008

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Persistent link: http://EconPapers.repec.org/RePEc:icf:icfjae:v:07:y:2008:i:5:p:26-40

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