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Country-level business performance and policy asymmetries in the UK

Plumridge, Anthony; Webber, Don J.; Boddy, Martin; Hudson, John

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Authors

John Hudson



Abstract

The HM Treasury identifies the key 'drivers' of business performance and productivity differentials, which include skills, investment and competition. This paper presents an empirical investigation into the effects of these drivers on business-level productivity per employee across England, Scotland and Wales in order to identify whether spatial differences in the influence of these drivers exist. We adopt the Cobb-Douglas production function approach and our results suggest that, after taking account of sector-specific effects, productivity differentials do exist between businesses across the UK and that policy instruments do potentially enhance productivity. The results indicate that these key drivers are equally applicable across the countries of the UK. However, there is evidence to suggest that the scale effects for labour and capital do differ across England, Wales and Scotland and that policy-makers should be aware of these asymmetries. © 2008, Inderscience Publishers.

Citation

Plumridge, A., Webber, D. J., Boddy, M., & Hudson, J. (2008). Country-level business performance and policy asymmetries in the UK. International Journal of Business Performance Management, 10(4), 305-317. https://doi.org/10.1504/IJBPM.2008.019989

Journal Article Type Article
Publication Date Sep 1, 2008
Deposit Date Nov 3, 2011
Publicly Available Date Aug 28, 2016
Journal International Journal of Business Performance Management
Print ISSN 1368-4892
Electronic ISSN 1741-5039
Publisher Inderscience
Peer Reviewed Peer Reviewed
Volume 10
Issue 4
Pages 305-317
DOI https://doi.org/10.1504/IJBPM.2008.019989
Keywords productivity per employee, HM Treasury’s key drivers, scale effects
Public URL https://uwe-repository.worktribe.com/output/1021162
Publisher URL http://dx.doi.org/10.1504/IJBPM.2008.019989

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