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British relative economic decline revisited
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Crafts, N. F. R. (2011) British relative economic decline revisited. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2011 (Number 42).
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Text (Working paper)
WRAP_42.2011_crafts.pdf - Published Version Download (895Kb) | Preview |
Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
This paper examines the role of competition in productivity performance in Britain 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: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
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Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Competition -- Great Britain, Great Britain -- Economic conditions -- 19th century, Great Britain -- Economic conditions -- 20th century, Industrial productivity -- Great Britain | ||||
Series Name: | CAGE Online Working Paper Series | ||||
Publisher: | Department of Economics, University of Warwick | ||||
Place of Publication: | Coventry, UK | ||||
Official Date: | May 2011 | ||||
Dates: |
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Volume: | Volume 2011 | ||||
Number: | Number 42 | ||||
Number of Pages: | 34 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Date of first compliant deposit: | 1 August 2016 | ||||
Date of first compliant Open Access: | 1 August 2016 | ||||
Version or Related Resource: | Crafts, Nicholas (2009). British relative economic decline revisited. In: Economic History Society Annual Conference. Department of Economics, University of Warwick, 3-5 Apr 2009. An earlier conference paper version also appears in WRAP (http://wrap.warwick.ac.uk/44670/). Crafts, N. (2012). British relative economic decline revisited : the role of competition. Explorations in Economic History, 49(1), pp. 17-29. A later published version also appears in WRAP (http://wrap.warwick.ac.uk/42288/). | ||||
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