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

Author

Listed:
  • Bart van Ark

    (The Productivity Institute, Alliance Manchester Business School, The University of Manchester)

  • Venables

    (The Productivity Institute, Alliance Manchester Business School, The University of Manchester)

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.

Suggested Citation

  • Bart van Ark & Venables, 2021. "A concerted effort to tackle the productivity puzzle during the post-COVID era," Working Papers 001, The Productivity Institute.
    • Handle: RePEc:anj:wpaper:001
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    productivity; UK economy;

    JEL classification:

    • D2 - Microeconomics - - Production and Organizations
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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