Description
Book SynopsisProductivity Perspectives offers a timely and stimulating social science view on the productivity debate, drawing on the work of the ESRC funded Productivity Insights Network. The book examines the drivers and inhibitors of UK productivity growth in the light of international evidence, and the resulting dramatic slowdown and flatlining of productivity growth in the UK. The reasons for this so-called productivity puzzle are not well understood, and this book advances explanations and insights on these issues from different disciplinary and methodological perspectives. It will be of value to all those interested in, and engaging with, the challenge of slowing productivity growth.
This book will be essential and insightful reading for academics across the social sciences, business leaders and policy makers working on the productivity puzzle. Written in an accessible manner, it will also be of interest to a wide audience in government, the private sector and civil society.
Contributors include: M. Abreu, J. Cook, I. Docherty, G. Dymski, B. Gardiner, D. Hardy, R. Harris, A. Henley, R. Huggins, H. Izushi, R. Lewney, K. Lisenkova, C. Mason, P. McCann, L. McSorley, J. Nelles, K. Newsome, V. Sena, I. Sprackling, T. Vorley, D. Waite
Trade Review'Productivity, what determines it and how to boost it, is one of the great challenges in contemporary economics. This book offers us a hike along the frontiers of current thinking on the productivity puzzle, guided by a team of leading researchers.' --Murray Sherwin, New Zealand Productivity Commission, New Zealand
'This book rightly identifies low productivity growth as the central policy challenge of this time and brings a truly broad and diverse set of perspectives to bear on this issue, leading to many fresh insights.'
--Robert Inklaar, University of Groningen, the Netherlands
Table of ContentsContents: 1 Introduction to Productivity Perspectives 1 Philip McCann and Tim Vorley 2 Productivity perspectives: observations from the UK and the international arena 18 Philip McCann 3 Measuring productivity 48 Vania Sena 4 FDI, capital and investment markets 78 Richard Harris 5 Innovation and productivity: a multi-perspective assessment 103 Robert Huggins and Hiro Izushi 6 Small business growth and productivity 129 Andrew Henley 7 Productivity and the UK’s deficiency in scale-ups 147 Colin Mason 8 Human capital, skills and productivity 174 Maria Abreu 9 Demographic ageing and productivity 190 Katerina Lisenkova 10 Inequality, well-being and (inclusive) productivity growth 206 Leaza McSorley 11 Contemporary work and employment and the productivity puzzle 224 Kirsty Newsome and Tim Vorley 12 Regional and city productivity debates: insights from work undertaken by Cambridge Econometrics 243 Ben Gardiner and Richard Lewney 13 Infrastructure and productivity 255 Iain Docherty and David Waite 14 From silos to systems: insights and implications for productivity policy 274 Tim Vorley and Jen Nelles 15 Productivity policy review 293 Jonathan Cook, Dan Hardy and Imogen Sprackling 16 The UK productivity paradox and the governance of UK science and technology policy: lessons from California? 324 Gary Dymski Index 363
