National Institute Economic Review articles from February 1994

National Institute Economic Review archives from February 1994

The UK economy.
February 1, 1994... Section I. Recent Developments and Summary of the Forecast In the last few months of 1993 the economic recovery in the UK continued to gather strength and become more broadly based. Signs of some improvement in demand are now apparent in...

The world economy.
February 1, 1994... The overall outlook Output growth in the OECD as a whole is likely to be around 2 per cent in 1994, the fourth year in succession when it has been below estimates of potential growth. A number of economies were growing very rapidly in 1990 and...

Fiscal policy and the national debt.
February 1, 1994... Introduction Budget deficits are an issue of international concern. The Maastricht Treaty imposed a limit on the deficit run by central and local government taken together of 3 per cent of GDP as a precondition for monetary union and set 60...

Productivity, product quality and workforce skills: food processing in four European countries.
February 1, 1994... 'borrowing' from other countries. Indeed, all three of the Continental countries examined here are presently undertaking reforms of their own in an effort to improve the workings of their respective vocational education and training systems. Our...

Improving the estimates of the UK capital stock.
February 1, 1994... Introduction There is a widespread view that official estimates of the capital stock in the UK may be subject to substantial error. However, until recently making any major improvement would have incurred costs beyond any reasonable budget, so...