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Productivity

Author

Listed:
  • John Van Reenen

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.

Suggested Citation

  • John Van Reenen, 2022. "Productivity," CEP Insights 07, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepins:07
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    File URL: https://cep.lse.ac.uk/_new/publications/insights/productivity/
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    Keywords

    insights; Productivity; Management; Growth; Innovation; R&D; Technology; Firms;
    All these keywords.

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