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Growth in UK manufacturing between 1970-92

By Gavin Cameron, James Proudman and Stephen Redding

Abstract

This article(2) examines productivity growth and levels in UK manufacturing between 1970–92. During this period, UK manufacturing output fell, but by less than the number of hours worked in manufacturing, and so labour productivity increased. Within manufacturing, economic performance varied considerably, both across sectors and time, including a notable difference between the two peak-to-peak business cycles 1973–79 and 1979–89. To understand manufacturing economic performance more fully, the article considers disaggregated data for 19 manufacturing industries, using two measures of productivity: labour productivity and Total Factor Productivity

Topics: HF Commerce, H Social Sciences (General), HB Economic Theory
Publisher: Bank of England
Year: 1998
OAI identifier: oai:eprints.lse.ac.uk:5507
Provided by: LSE Research Online
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