Abstract
One of the most striking features of the Scottish and UK economies has been the
sustained increase in labour productivity in manufacturing since the latter part of
1980. The "productivity boom" has been less marked in Scotland than in the UK as a whole, but has nonetheless been significant. Is the productivity boom good or bad news for the Scottish economy? The official view is that the increase in labour productivity reflects in some sense a strengthening of the economy. This view may indeed be an important element in the official, but nonetheless erroneous, view
that Scotland is "leading the UK out of recession".
sustained increase in labour productivity in manufacturing since the latter part of
1980. The "productivity boom" has been less marked in Scotland than in the UK as a whole, but has nonetheless been significant. Is the productivity boom good or bad news for the Scottish economy? The official view is that the increase in labour productivity reflects in some sense a strengthening of the economy. This view may indeed be an important element in the official, but nonetheless erroneous, view
that Scotland is "leading the UK out of recession".
| Original language | English |
|---|---|
| Pages (from-to) | 75-77 |
| Number of pages | 3 |
| Journal | Quarterly Economic Commentary |
| Volume | 10 |
| Issue number | 2 |
| Publication status | Published - Nov 1984 |
Keywords
- Scottish economy
- productivity
- Scottish gross domestic product (GDP)
- Scotland
- manufacturing