Output, Employment and Labour Productivity in Europe Since 1955
- 1 August 1976
- journal article
- research article
- Published by Cambridge University Press (CUP) in National Institute Economic Review
- Vol. 77, 72-85
- https://doi.org/10.1177/002795017607700106
Abstract
This article sets the broad facts of the industrial performance of the UK in the post-war period within a European context. Using purchasing power parity rates the relative levels of labour productivity between countries are com pared, for GDP, manufacturing and six sub-sectors of manufacturing. By 1973 the UK had the lowest level amongst the countries studied. Growth rates of output, employment and labour productivity are estimated for four periods since 1955 and the relatively slow growth rates in the UK are analysed.Keywords
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