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- Title
Organizational Change and Hysteresis in British Manufacturing Industry: A Perspective from the Donovan Commission Report.
- Authors
Seidmann, Daniel J.
- Abstract
The article focuses on the rise in labor productivity in the manufacturing industry in Great Britain during the recession period of the 1980's. It presents a description of the model presented. Prior to the 1980s, labour productivity growth in British manufacturing industry followed the standard pro-cyclical pattern. However, manufacturing productivity started to grow at an internationally and historically fast rate from around 1981, in the trough of a recession that was distinguished from its postwar predecessors both by its severity and by the extent of manufacturing firms' financial distress.
- Subjects
UNITED Kingdom; MANUFACTURED products; LABOR productivity; INDUSTRIAL productivity; LABOR economics; PERFORMANCE standards
- Publication
Economica, 1995, Vol 62, Issue 248, p507
- ISSN
0013-0427
- Publication type
Article
- DOI
10.2307/2554674