Productivity growth in the UK economy has lagged behind that of our major trading partners. With little or no growth in labour or total factor productivity, there can be no solution to our economic problems and a return to what we have come to consider as normal times.
We will examine a number of possible explanations ranging from the role of finance to the employment of physical and human capital.
The transcript and downloadable versions of the lecture are available from the Gresham College website: https://www.gresham.ac.uk/lectures-and-events/the-productivity-puzzle
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 2,000 lectures free to access or download from the website.