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A concerted effort to tackle the productivity puzzle during the post-COVID era

Bart van Ark () and Anthony Venables ()
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Bart van Ark: The Productivity Institute, Alliance Manchester Business School, The University of Manchester

No 1, Working Papers from The Productivity Institute

Abstract: The United Kingdom has suffered an extreme version of the productivity puzzle – the strong and largely unexplained slowdown in productivity growth among OECD economies since the mid-2000s. In recognition of the challenges that weak productivity growth and low levels of productivity create for economic performance, living standards, and distribution of income across regions, a new research institute has been set up to advance the understanding of the problem. The Productivity Institute will create a comprehensive and interdisciplinary research agenda and contribute to the frontier of knowledge creation in productivity research in the UK and around the world. The Institute will focus on innovative ways to improve productivity performance, providing new insights to help policy and business leaders understand better how to raise productivity and thereby raise living standards in a sustainable manner. This short paper outlines the overall approach to research, engagement and capacity building by the Institute.

Keywords: productivity; UK economy (search for similar items in EconPapers)
JEL-codes: D2 E02 L1 O3 O4 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2021-01
New Economics Papers: this item is included in nep-eff, nep-isf and nep-mac
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