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Economic growth: onwards and upwards?
- Source :
- Oxford Review of Economic Policy; Summer2015, Vol. 31 Issue 2, p217-241, 25p, 8 Charts
- Publication Year :
- 2015
-
Abstract
- This paper considers developments in UK growth performance and supply-side policies since the 1980s. It argues that economic reforms made in the Thatcher years and consolidated under subsequent governments delivered improved pre-crisis growth outcomes helped by the information and communications technology (ICT) revolution and stronger competition in product markets. The new growth economics provided useful insights for policy-makers, some of which were partly heeded. Recently, as productivity growth has stalled, there has been a turn to 'soft' industrial policy and a fear that the future is one of secular stagnation. The former has made little difference and the latter is unlikely. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0266903X
- Volume :
- 31
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Oxford Review of Economic Policy
- Publication Type :
- Academic Journal
- Accession number :
- 136528395
- Full Text :
- https://doi.org/10.1093/oxrep/grv014