The UK and Western Productivity Puzzle: Does Arthur Lewis Hold the Key?
A new explanation for the UK and developed world productivity puzzle is proposed which grafts the Lewis (1954) model onto a standard Solow growth model. What is called here the neo-Lewis model is identical to the Solow model in good times. But in bad times foreign demand for a country’s exports is c...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Centre for the Study of Living Standards
2019-04-01
|
| Series: | International Productivity Monitor |
| Subjects: | |
| Online Access: | http://www.csls.ca/ipm/36/Oulton.pdf |