British Economic Growth Before and After 1979: A Review of the Evidence

Nicholas Crafts

No 292, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: The paper surveys the evidence on British economic growth performance since the war. It is shown that the hypotheses proposed by Bacon and Eltis, Kaldor and Thirlwall to account for slow growth are inadequate and that supply side problems leading to poor productivity performance are the most plausible explanation of Britain's relative decline. It is argued both that these failings have their basis in the political and institutional legacy of postwar Britain and that the Thatcher years have seen only a partial solution to supply side weaknesses.

Keywords: Economic Growth; Productivity; Supply-Side Policy; United Kingdom (search for similar items in EconPapers)
Date: 1988-11
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=292 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:292

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... pers/dp.php?dpno=292

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().