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Technology, Productivity and Public Policy *
Author(s) -
Griffith Rachel
Publication year - 2007
Publication title -
fiscal studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.63
H-Index - 40
eISSN - 1475-5890
pISSN - 0143-5671
DOI - 10.1111/j.1475-5890.2007.00057.x
Subject(s) - productivity , outsourcing , globalization , economics , public economics , public policy , intervention (counseling) , technology policy , economic policy , macroeconomics , economic growth , business , market economy , marketing , sociology , psychology , social science , psychiatry
The poor productivity performance of the UK and the EU when compared with the US has been a major driver of policy reforms over the past decade. This paper considers what the evidence suggests about why we have lagged behind the US, considering among other factors the importance of globalisation and outsourcing, the role for public policy intervention and what the key drivers of growth are likely to be for the future.