Labour Productivity in Uk Manufacturing in the 1970s and I N the 1980s

Nicholas Oulton

National Institute Economic Review, 1990, vol. 132, issue 1, 71-91

Abstract: What accounts for the productivity improvement experienced in manufacturing since 1979? Answers to this question are sought from a regression analysis of 93 manufacturing industries over the period 1971-86. The main findings are that when other influences, such as raw material prices and the shock of the 1980-1 recession, are eliminated, there has been an improvement in the 1980s in the growth rate of productivity whose impact effect averaged 4 per cent per annum. Between a quarter and a half of this is attributable to a decline in the disadvantages of unionisation.

Date: 1990
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