Can Intangible Investment Explain the UK Productivity Puzzle? A Response and Comment

Bill Martin and Robert Rowthorn

National Institute Economic Review, 2013, vol. 226, issue 1, R42-R49

Abstract: This note responds to the recent critique by Goodridge, Haskel and Wallis (GHW) of our 2012 study of Britain's productivity puzzle. We show that a correct reworking of the latest official data on changes in labour composition overturns GHW's main criticism. We also question the strength of the empirical evidence offered by GHW in support of their alternative explanations of the productivity puzzle.

Keywords: intangible investment; labour hoarding; productivity (search for similar items in EconPapers)
JEL-codes: E22 E24 O47 (search for similar items in EconPapers)
Date: 2013
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