Productivity under the 1997-2010 Labour government
研究了1997-2010年英国工党政府期间的生产率增长，发现与主要国际同行相比表现良好，仅美国生产率增长更强，而英国就业市场表现优于美国。
What was the productivity record under the Labour government of 1997-2010? I show that productivity growth (and economic performance in general) was good when the UK is compared with its main international peers. Only the US had stronger productivity growth and the UK did better than the US in terms of the jobs market. Much of this improved performance was a continuation of the pattern since 1979 which broke a century of relative decline. Some part of the improvement is directly linked to policies, especially over human capital, innovation, and competition. We discuss the recent 'productivity puzzle'-the disappointing productivity figures since the onset of the Great Recession in 2008-and argue that our conclusions are unchanged as most other OECD countries have also experienced poor measured productivity.