National Institute Economic Review articles from May 1994

National Institute Economic Review archives from May 1994

Prospects for the UK economy. (Commentary)
May 1, 1994... An important change is taking place in the conduct of monetary policy in Britain. Although the Government has not accepted the proposal of the Commons Treasury and Civil Service Committee that it should hand over responsibility for monetary...

Adapting to low inflation. (Commentary)
May 1, 1994... The first meeting of the Members Forum was held at the National Institute on Wednesday 23rd March. Those taking part in the discussion included business leaders representing the corporate members of the Institute, as well as Institute governors...

Recent developments and summary of the forecast. (UK economy)
May 1, 1994... The growth of output is continuing in the first half of the year at a moderate and steady pace. The preliminary estimate for gross domestic product in the first quarter shows an increase of 0.7 per cent, which is 2.6 per cent on a year earlier....

The world economy.
May 1, 1994... Growth in the OECD as a whole has been well below trend in the last three years, and the EU as a whole appears to have experienced a fall in output in 1993. Prospects for 1994 look better, and we are forecasting OECD growth of over 2 per cent in...

International competitiveness, international taxation and domestic investment.
May 1, 1994... In recent years, international product markets have become more open as a consequence of a reduction in local trade barriers such as the completion of the single market in Europe and the North American Free Trade Agreement and through a reduction...

Labor productivity and unit labor costs in manufacturing: the UK and its competitors.
May 1, 1994... 1. Introduction In this note, I present and discuss comparisons of productivity and unit labour costs between the UK and a number of industrial countries. Initially results are discussed for the UK and its four largest industrial competitors:...

Innovation and the skill mix: chemicals and engineering in Britain and Germany.
May 1, 1994... 1. Introduction In recent years continued disparities between countries in economic performance combined with the rapid pace of technological change have led to growing interest in comparisons of 'national systems of innovation'. The...

Laboring and learning: part-time work and full-time education.
May 1, 1994... 1. Introduction The labour supply of teenagers in full-time education has been largely neglected in analyses both of the UK youth labour market and of educational decisions and policy. The teenage years have been seen as when a single...