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British relative economic decline revisited : the role of competition
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Crafts, N. F. R. (2012) British relative economic decline revisited : the role of competition. Explorations in Economic History, Vol.49 (No.1). pp. 17-29. doi:10.1016/j.eeh.2011.06.004 ISSN 0014-4983.
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Official URL: http://dx.doi.org/10.1016/j.eeh.2011.06.004
Abstract
This paper examines the role of competition in British productivity performance over the period from the late-nineteenth to the early twenty-first century. A detailed review of the evidence suggests that the weakness of competition from the 1930s to the 1970s undermined productivity growth but since the 1970s stronger competition has been a key ingredient in ending relative economic decline. The productivity implications of the retreat from competition resulted in large part from interactions with idiosyncratic British institutional structures in terms of corporate governance and industrial relations. This account extends familiar insights from cliometrics both analytically and chronologically.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Economics | ||||
| Journal or Publication Title: | Explorations in Economic History | ||||
| Publisher: | Elsevier | ||||
| ISSN: | 0014-4983 | ||||
| Official Date: | 2012 | ||||
| Dates: |
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| Volume: | Vol.49 | ||||
| Number: | No.1 | ||||
| Page Range: | pp. 17-29 | ||||
| DOI: | 10.1016/j.eeh.2011.06.004 | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access | ||||
| Version or Related Resource: | Crafts, Nicholas (2011). British relative economic decline revisited. Coventry: Department of Economics, University of Warwick. (CAGE Online Working Paper Series, no.42/2011). http://wrap.warwick.ac.uk/id/eprint/44719 Crafts, Nicholas (2009). British relative economic decline revisited. In: Economic History Society Annual Conference. Department of Economics, University of Warwick, 3-5 Apr 2009. http://wrap.warwick.ac.uk/id/eprint/44670 | ||||
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