Why have TFP growth and capital deepening reduced in the UK since the Global Financial Crisis?
Background
Sustainable economic growth is at the heart of everything HM Treasury is working to achieve. The Growth section includes key questions that are expected to support the government in taking action to fix the foundations of the economy, rebuild Britain and make every part of the country better off.
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Get in touch with HMTResearch@hmtreasury.gov.uk
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This question was published as part of the set of ARIs in this document:
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Related UKRI funded projects
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Productivity and the allocation of capital following the great recession
Labour productivity fell sharply at the start of the 2008 financial crisis. Output produced per worker remains around 14 percentage points below the pre-crisis trend. The scale of the productivity fall and the continued ...
Funded by: ESRC
Why might this be relevant?
The project directly addresses the reasons for TFP growth and capital deepening reduction in the UK since the Global Financial Crisis with expertise from the Bank of England and the Institute for Fiscal Studies.