The UK Productivity Gap and the Foundation for Government Policy

Ed Balls, Joe Grice and Gus O’Donnell

Chapter 2 in Microeconomic Reform in Britain, 2004, pp 23-43 from Palgrave Macmillan

Abstract: Abstract This chapter sets out the main determinants of economic growth and describes the historic productivity gap between the UK and other countries. It then explores the underlying reasons for this productivity gap and describes the Government’s approach to reducing it. The chapter ends by setting out the ‘five drivers’ of productivity.

Keywords: Human Capital; Labour Productivity; Productivity Growth; Capital Stock; Total Factor Productivity (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51833-9_3

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DOI: 10.1057/9780230518339_3

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