Deconstructing Growth in UK Manufacturing

Gavin Cameron, J. Proudman and Stephen James Redding

Working Papers from Centre for Economic Performance & Institute of Economics

Abstract: This paper is concerned with the nature of economic growth in 19 manufacturing industries between 1970-92. There is substantial heterogeneity (both across sectors and time) in rates of growth of value-added, hours worked, labour productivity and Total Factor Productivity during the sample period. The decline in constant price value-added in aggregate manufacturing during the sample period is associated with significant changes in the relative size of individual sectors, and with noticeable chanegs in performance between the two peak-to-peak business cycles 1973-79 and 1979-89.

Keywords: ECONOMIC GROWTH; PRODUCTIVITY; MANUFACTURES (search for similar items in EconPapers)
JEL-codes: D24 O4 L6 (search for similar items in EconPapers)
Date: 1998
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