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The Decline of British Manufacturing, 1973 - 2012: The role of total factor productivity

Harris, R; Moffat, J.

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Abstract

This paper uses plant-level estimates of total factor productivity covering 40 years to examine what role, if any, productivity has played in the decline of output share and employment in British manufacturing. The results show that TFP growth in British manufacturing was negative between 1973 and 1982, marginally positive between 1982 and 1994 and strongly positive between 1994 and 2012. Poor TFP performance therefore does not appear to be the main cause of the decline of UK manufacturing. Productivity growth decompositions show that, in the latter period, the largest contributions to TFP growth come from foreign-owned plants, industries that are heavily involved in trade, and industries with high levels of intangible assets.

Citation

Harris, R., & Moffat, J. (2019). The Decline of British Manufacturing, 1973 - 2012: The role of total factor productivity. National Institute Economic Review, 247(1), R19-R31. https://doi.org/10.1177/002795011924700112

Journal Article Type Article
Acceptance Date Aug 20, 2018
Publication Date Feb 1, 2019
Deposit Date Aug 21, 2018
Publicly Available Date Mar 29, 2024
Journal National Institute Economic Review
Print ISSN 0027-9501
Electronic ISSN 1741-3036
Publisher Cambridge University Press
Peer Reviewed Peer Reviewed
Volume 247
Issue 1
Pages R19-R31
DOI https://doi.org/10.1177/002795011924700112
Public URL https://durham-repository.worktribe.com/output/1351287

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Copyright Statement
Harris, R & Moffat, J. (2019). The Decline of British Manufacturing, 1973 - 2012: The role of total factor productivity. National Institute Economic Review 247(1): R19-R31. Copyright © 2019 The Author(s). Reprinted by permission of SAGE Publications.




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