National Institute Economic Review articles from April 2001

National Institute Economic Review archives from April 2001

The UK economy.(Brief Article)
April 1, 2001... * The decline in global stack markets in the first quarter means that GDP will grow more slowly this year than in 2000. We have lowered our growth forecast to 2.4 per cent in 2001 but estimate there is little more than a one-in-three...

The World economy.(Brief Article)
April 1, 2001... * The world economy is slowing down sharply as the effects of further equity market declines in the first quarter work their way through to lower demand. Growth in global GDP will fall from 4.8 per cent last year to 2.9 per cent in 2001. *...

COMMENTARY.
April 1, 2001... Introduction Since last summer the British economy has suffered from three adverse shocks that have acted to slow economic growth. First of all, in September the fuel crisis depressed output sharply. Secondly, in the Autumn and Winter the...

THE UK ECONOMY.
April 1, 2001... The production of this forecast is supported by the Institute's Corporate Members: Bank of England, Barclays Bank plc, Dixons plc, GlaxoSmithKline, INVESCO Europe Ltd. Marks and Spencer plc, Morgan Stanley Dean Witter (Europe) Ltd, Morley Fund...

THE WORLD ECONOMY.
April 1, 2001... Section I. Recent economic developments The five years up until the end of 2000 saw a period of rapid growth in the world economy, with OECD output increasing by 3 1/4 per cent a year, and overall world output rising by 3 3/4 per cent a...

UNIONS AND THE SWORD OF JUSTICE: UNIONS AND PAY SYSTEMS, PAY INEQUALITY, PAY DISCRIMINATION AND LOW PAY.
April 1, 2001... Andy Charlwood [*] Dispersion in pay is lower among union members than among non-unionists. This reflects two factors. First, union members and jobs are more homogeneous than their non-union counterparts. Second, union wage policies within...

THE IMPACT OF UNIONS ON PAY LEVELS IN LOWER-SKILLED JOBS.
April 1, 2001... Neil Millward [*] The decline in trade union influence over the past two decades raises the question of whether pay levels in lower-skilled jobs now lie outside the unions' sphere of influence, as tacitly acknowledged by their acceptance...

THE FOUNDATION OF 'PARTNERSHIP'? UNION EFFECTS ON EMPLOYEE TRUST IN MANAGEMENT.
April 1, 2001... Alex Bryson [*] This article addresses the question: what impact do trade unions have on employee trust in management? Using nationally representative data on employees in the British Social Attitudes Survey (BSAS) 1998, we assess...

ETHNIC MINORITIES AND EQUAL TREATMENT: THE IMPACT OF GENDER, EQUAL OPPORTUNITIES POLICIES AND TRADE UNIONS.
April 1, 2001... Mike Noon [*] Kim Hoque [**] The article examines whether ethnic minority employees report poorer treatment at work than white employees, and evaluates the impact of three key features -- gender differences, formal equal opportunities...

Gross domestic product.(Illustration)
April 1, 2001... Gross domestic product [pound] million, 1995 prices, seasonally adjusted Final consumption expenditure Households & NPISH [a]...

Output volumes.(Illustration)
April 1, 2001... Output volumes Seasonally adjusted 1995=100 GDP at basic prices Production industries Average Non-oil Manufacturing ...

Monthly economic indicators.(Illustration)
April 1, 2001... Monthly economic indicators Seasonally adjusted GDP [a] [b] Industrial Manu- Retail prod- facturing sales [a] ...

CBI Industrial Trends Survey: manufacturing.(Illustration)
April 1, 2001... CBI Industrial Trends Survey: manufacturing Investment [d] Survey Business Capacity Export date Buildings Plant and...

UK labour market.(Illustration)
April 1, 2001... UK labour market Thousands Workforce jobs [a] Employee jobs Self Trainees Male Female Female ...

Prices.(Illustration)
April 1, 2001... Prices Seasonally adjusted, 1995=100 National Accounts deflators GDP GDP Consumers' at at ...

Companies.(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Companies [pound] million, seasonally adjusted Operating Net Net Taxes on Social surplus property transfers income contributions ...

Household Sector.(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Household Sector [pound] million, seasonally adjusted Resources Operating Net property Net Social Employee surplus income transfers...

Fixed investment and inventories.(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Fixed investment and inventories Seasonally adjusted Business investment Housing Manu- Non-manu- Total Private Public ...

Financial indicators.(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Financial indicators Nominal Real Exchange interest interest rates rates rates Base Mortgage...

UK balance of payments.(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... UK balance of payments Seasonally adjusted, [pounds] million Total balance of payments Current balance ...

Exports and imports.(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Exports and imports Seasonally adjusted, 1995=100 Total goods Exports Imports Total Services Volume price Volume Price Exports...

Gross product and productivity in industrial countries and OECD.(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Gross product and productivity in industrial countries and OECD Seasonally adjusted, Index numbers, 1994=100 Gross domestic product ...

Unemployment in industrial countries and OECD.(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Unemployment in industrial countries and OECD Seasonally adjusted, per cent of total labour force By national definitions ...

Earnings and prices in OECD.(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Earnings and prices in OECD Index numbers, 1994=100, seasonally adjusted Average earnings (whole economy) [a] US ...

Volume of exports [a].(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Volume of exports [a] Seasonally adjusted Index numblers, 1994=100 World [b] US Canada Japan France Germany Italy 1995 109 ...

Current balances and interest rates.(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Current balances and interest rates Current balance US $ billion US Canada Japan France Germany UK OPEC l995 -109 -4 112 15 -20 -5...

Volume of imports [a].(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Volume of imports [a] Index numbers, 1994=100 World [b] US Canada Japan France Germany Italy 1995 109 109 107 114 109 107 111 1996...

Competitiveness and commodity prices.(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Competitiveness and commodity prices Index numbers, 1994=100 Export price of manufactures, 1994=100 World [a] Relative to ...

Exchange rates [a].(table)(Brief Article)(Illustration)(Statistical Data Included)
April 1, 2001... Exchange rates [a] SDR ECU [b] Gold [c] UK [pounds] US$ per unit 1995 1.517 ...