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Labour Productivity in 1980: an International Comparison

Published online by Cambridge University Press:  26 March 2020

A.D. Roy
A.D. Roy*
Affiliation:
National Institute of Economic and Social Research
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Extract

Work on a project examining recent trends in UK labour productivity is being carried out at NIESR for HM Treasury. It has always been envisaged that one facet of this work should involve an attempt to learn from the experience of other industrial countries. Given the interest aroused a few years ago by the publication in the Review of D. T. Jones's article on comparative labour productivity, the updating of some of his work seemed to be an appropriate way both of adding an international dimension to the present project and also of providing continuity of interest with earlier NIESR work in the same general field.

Type
Articles
Information
National Institute Economic Review , Volume 101 , August 1982 , pp. 26 - 37
Copyright
Copyright © 1982 National Institute of Economic and Social Research

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Footnotes

(1)

I acknowledge gratefully help in different forms given by many members of NIESR. I am solely responsible for any errors.

References

(note 2 in page 26) ‘Output, employment and labour productivity in Europe since 1955’ published in 1976; this work was subsequently revised, as far as the UK, Germany and the US were con cerned, in Productivity and industrial structure by S. J. Prais, assisted by A. Daly, D. T. Jones and K. Wagner (Cambridge University Press, 1981).

(note 3 in page 26) International industrial productivity: a comparison in Britain, America and Germany by A. D. Smith, D. M. W. N. Hitchens and S. W. Davies (Cambridge University Press, forthcoming 1982).

(note 4 in page 26) Total final expenditure (exports plus investment plus consumption, both private and public) less imports of goods and services.

(note 5 in page 26) International comparisons of real product and purchasing power by Irving B. Kravis, Alan Heston and Robert Summers; their earlier comparisons for 1970 had been used by D. T. Jones.

(note 6 in page 26) e.g. by use of the geometric mean as in Fisher's Ideal Index Numbers. See also, for example, comments by Lord Keynes in A treatise on money, Book II, chapter 8, pp. 112-3.

(note 7 in page 26) Those who favour the Ideal Index Number in two country comparisons would defend this choice on similar grounds.

(note 1 in page 32) The increase between 1973 and 1981 was 85 per cent.

(note 1 in page 34) I. B. Kravis, A. Heston and R. Summers, ‘New insights into the structure of the world economy’, Review of Income and Wealth, December 1981.

(note 2 in page 34) CSO, ‘International comparisons of gross domestic product’, Economic Trends, April 1982.