1. The UK long-term growth outlook.
- Subjects
ECONOMIC conditions in Great Britain ,ECONOMIC development ,PRODUCTION (Economic theory) ,CAPITAL stock - Abstract
The article presents a long-term growth outlook for Great Britain. It states that there was a potential output growth due to several factors such as net inflows of migrants, a decrease in the non-accelerating inflation rate of unemployment (NAIRU), and shift to high value-added sectors. It notes the existence of a link between demand shifts and NAIRU changes via hysteresis, profile changes in age affecting a potential output growth, and growth from capital stock expansion.
- Published
- 2010
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