Productivity and Industrial Policy

Tim Hazledine

Chapter 24 in Full Employment without Inflation, 1984, pp 201-210 from Palgrave Macmillan

Abstract: Abstract There is no more puzzling big number in economics than productivity — the per capita gross national product that determines a country’s standard of living. Why are some mature industrial economies more productive than others? Why does productivity grow faster in some places than elsewhere? And, the biggest puzzle of all, what happened in 1974, when productivity growth virtually collapsed right across the world economy, never, it seems, to fully recover?

Keywords: Productivity Growth; Assembly Line; Industrial Policy; Full Employment; OECD Economy (search for similar items in EconPapers)
Date: 1984
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DOI: 10.1007/978-1-349-17697-7_24

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