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Deconstructing Growth in UK Manufacturing

Author

Listed:
  • Cameron, G.
  • Proudman, J.
  • Redding, S.

Abstract

This paper is concerned with the nature of economic growth in 19 manufacturing industries between 1970-92. There is substantial heterogeneity (both across sectors and time) in rates of growth of value-added, hours worked, labour productivity and Total Factor Productivity during the sample period. The decline in constant price value-added in aggregate manufacturing during the sample period is associated with significant changes in the relative size of individual sectors, and with noticeable chanegs in performance between the two peak-to-peak business cycles 1973-79 and 1979-89.

Suggested Citation

  • Cameron, G. & Proudman, J. & Redding, S., 1998. "Deconstructing Growth in UK Manufacturing," Papers 28, Centre for Economic Performance & Institute of Economics.
    • Handle: RePEc:fth:cepies:28
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    References listed on IDEAS

    as
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    Cited by:

    1. James Proudman & Stephen Redding & Marco Bianchi, 1997. "Is International Openness associated with faster economic growth?," Bank of England working papers 63, Bank of England.
    2. Héctor Salgado Banda & Lorenzo Bernal Verdugo, 2011. "Multifactor productivity and its determinants: an empirical analysis for Mexican manufacturing," Journal of Productivity Analysis, Springer, vol. 36(3), pages 293-308, December.
    3. Gavin Cameron, 2003. "Why Did UK Manufacturing Productivity Growth Slow Down in the 1970s and Speed Up in the 1980s?," Economica, London School of Economics and Political Science, vol. 70(277), pages 121-141, February.

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    More about this item

    Keywords

    ECONOMIC GROWTH ; PRODUCTIVITY ; MANUFACTURES;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • L6 - Industrial Organization - - Industry Studies: Manufacturing

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