Productivity

John van Reenen

CEP Insights from Centre for Economic Performance, LSE

Abstract: Economics is the study of how to share out scarce resources. But it is also about how to make those resources less scarce by creating a bigger economic pie to share. The key to economic growth is increased productivity - producing more goods or services relative to the amount of money and work going in. Economists study how firms and countries can become more productive.

Keywords: insights; Productivity; Management; Growth; Innovation; R&D; Technology; Firms (search for similar items in EconPapers)
Date: 2022-03-03
New Economics Papers: this item is included in nep-eff, nep-gro and nep-sbm
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