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UK economic growth since 2010 : is it as bad as it seems?
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Crafts, N. F. R. (2015) UK economic growth since 2010 : is it as bad as it seems? National Institute Economic Review, Volume 231 (Number 1). R17-R29. doi:10.1177/002795011523100103 ISSN 0027-9501.
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Official URL: http://dx.doi.org/10.1177/002795011523100103
Abstract
This paper reviews UK supply-side policies since 2010 in terms of their impact on growth and considers medium-term growth prospects in the context of the puzzle of disappointing post-crisis TFP performance. It is argued that there is no reason to believe that growth prospects have deteriorated significantly compared with the pre-crisis period. Changes in policy under the Coalition government are unlikely to have made a big difference to growth potential. On the one hand, this means opportunities for radical reform have been ignored; on the other hand, there has been no repeat of the 1930sā debacle.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor |
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Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Great Britain -- Economic policy -- 21st century, Industrial management -- Great Britain -- 21st century, Industrial productivity -- Great Britain -- 21st century, Great Britain -- Politics and government -- 2007-- | ||||
Journal or Publication Title: | National Institute Economic Review | ||||
Publisher: | Sage Publications Ltd. | ||||
ISSN: | 0027-9501 | ||||
Official Date: | February 2015 | ||||
Dates: |
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Volume: | Volume 231 | ||||
Number: | Number 1 | ||||
Page Range: | R17-R29 | ||||
DOI: | 10.1177/002795011523100103 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
Date of first compliant deposit: | 17 August 2016 | ||||
Date of first compliant Open Access: | 17 August 2016 |
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