Productivity and its determinants is a prominent feature in economic debate. Output per person or per capita is still the most influential measure of the prosperity of nations. Productivity depends on the quantity and quality of the factors of production available to a country and the social framework within which they operate. Education and the research base affect both the quality of factors and the ability of a nation to produce. This volume examines differences in productivity between nations, and provides comprehensive discussion as to why such differences exist; it addresses the importance of the growth and measurement of service productivity, and studies the role of human capital in adapting to new technologies. The creation of knowledge through research and development and its diffusion through trade, investment and the interaction of firms are also fully investigated.
• Surveys reasons for differences in productivity and provides insight into policy making on education, research and labour markets • Brings together authors from a wide range of perspectives • Addresses the issues of research and development in the growth process, and looks at the diffusion of innovations
1. Introduction R. Barrell; 2. Britain's productivity performance in international perspective: 1879–1990: a sectoral analysis S. Broadberry; 3. Labour productivity and product quality: their growth and inter-industry transmission in the UK 1979–1990 C. Greenhalgh and M. Gregory; 4. Productivity, employment and the 'IT paradox': evidence from financial services M. Haynes and S. Thompson; 5. Productivity and service quality in banking: commercial lending in Britain, the United States and Germany G. Mason, B. Keltner and K. Wagner; 6. Productivity growth in an open economy: the experience of the UK G. Cameron, J. Proudman and S. Redding; 7. Innovation and market value B. H. Hall; 8. Gross investment and technological change: a diffusion P. Stoneman and Myung-Joong Kwon; 9. National systems of innovation under strain: the internalisation of corporate R&D P. Patel and K. Pavitt; 10. Agglomeration economies, technology spillovers, and company productivity growth P. Geroski, I. Small and C. Walters; 11. Human capital, investment and innovation: what are the connections? S. Nickell and D. Nicolitsas.