National Institute Economic Review articles from October 2001

National Institute Economic Review archives from October 2001

AT A GLANCE ...(US, Japan and Germany in recession)(Brief Article)(Statistical Data Included)
October 1, 2001... The world economy * The world's three largest economies -- the US, Japan and Germany -- are all likely to be in recession over the next few months. * Despite an unusually synchronised downturn, a major global recession will be avoided....

The UK economy.(Brief Article)(Statistical Data Included)
October 1, 2001... * Despite recent shocks to confidence, the economy will expand by 2.3 per cent this year and 2.1 per cent in 2002. * Although these growth rates are below trend, they will make Britain the fastest growing economy in the G7 countries. *...

COMMENTARY: THE ECONOMIC SITUATION.(Statistical Data Included)
October 1, 2001... Introduction The normal air of uncertainty which surrounds economic forecasts and policy analysis is, of course, greatly compounded by the aftermath of the New York air raid. It is widely believed that the business disruption to which it...

RISK AND EQUITY MARKET WEAKNESS: THEIR IMPLICATIONS FOR THE WORLD ECONOMY.
October 1, 2001... The terrorist attack on New York on 11 September 2001 caused considerable disruption to the US economy, and especially to the US financial markets. The initial reaction of the financial markets was to increase the discount factor on future...

THE WORLD ECONOMY.(Statistical Data Included)
October 1, 2001... Section I. Recent economic developments The combination of a slowing world economy and the disruption caused by the attack on the World Trade Centre on the 11th September is likely to produce an unusually sharp contraction in output in the...

THE INFORMATION CONTENT OF CONSUMER SURVEYS.
October 1, 2001... Considerable attention is given in the media to changes in consumer sentiment, as recorded in regular monthly surveys. It is widely felt that changes in sentiment provide useful information about future expenditure patterns. Given the lags that...

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

THE PERFORMANCE OF THE NATIONAL INSTITUTE'S UK FORECASTS.(Statistical Data Included)
October 1, 2001... Introduction The National Institute periodically reviews its forecast performance (Pain and Britton, 1992; Poulizac, Weale and Young, 1996). The structure of this note was prompted by two factors. First of all, the Institute's forecast for...

DEVELOPMENTS IN EDUCATION AND VOCATIONAL TRAINING IN BRITAIN: BACKGROUND NOTE ON RECENT RESEARCH.
October 1, 2001... S.J. Prais [*] The past decade has seen fundamental policy initiatives at a national level intended to improve vocational skills and to raise school-leaving standards -- particularly in mathematics. These initiatives centred on: (i)...

FIVE YEARS OF THE MODERN APPRENTICESHIP INITIATIVE: AN ASSESSMENT AGAINST CONTINENTAL EUROPEAN MODELS [1].
October 1, 2001... Hilary Steedman [*] Government has promised that Britain will build a vocational route based on apprenticeship to match that found in the rest of Europe. However, judged on the first five years of Modern Apprenticeship, every important...

THE ROLE AND USE OF VOCATIONAL QUALIFICATIONS.
October 1, 2001... Michael Eraut [*] Most vocational qualifications have been gazumped by general educational qualifications that have higher selection value, and their relative esteem is self-perpetuating. The use value of vocational qualifications depends...

APPRENTICESHIP IN THE BRITISH 'TRAINING MARKET'.(apprenticeship)
October 1, 2001... Paul Ryan [*] Lorna Unwin [**] British apprenticeship, now dependent on the Modern Apprenticeship programme, is compared in this paper to both German apprenticeship and its national predecessor, Youth Training. Modern Apprenticeship...

STATISTICAL APPENDIX.(Illustration)(Statistical Data Included)
October 1, 2001... STATISTICAL APPENDIX Data are included up to the end of the latest quarter, if they are avilable at the time of going to press. Table 1. Gross domestic product [pound] billion, 1995 prices, seasonally adjusted ...