The Thatcher Miracle?
Since 1979 productivity growth in Britain has improved markedly compared with Europe. The turnaround in productivity growth has two main causes. The British economy was subjected to a far more severe contraction of demand in 1980-81 than any other country. This led to a new realism, which was sustai...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
CEPR
1989
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