This project aims to explore the growth patterns and drivers of productivity in different industries and subsectors.
Productivity growth in the UK and elsewhere has slowed since the Global Financial Crisis (2007-2008), and the slowdown seems to be driven by a few sectors such as manufacturing and financial services. But how is this been measured and what are the possible explanations?
In this project, we are starting with the diagnostics, looking at which sectors and sub-sectors account for the pattern of productivity growth and how it has changed over time. The project will dive into the industries and supply chains at the core of the phenomenon of the productivity slowdown.
One of the central aims is to assess productivity across different industries and different time periods and to explore whether changes in the distribution of value-added along supply chains contribute to explaining the slowdown.
This programme is led by Professor Diane Coyle, with Dr Jen-Chung Mei, and is funded by the Gatsby Foundation.