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2020 | OriginalPaper | Buchkapitel

7. Economic Growth and Productivity

verfasst von : Philip B. Whyman, Alina Ileana. Petrescu

Erschienen in: The Economics of Brexit

Verlag: Springer International Publishing

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Abstract

One of the more contested elements of economic analyses of Brexit impact concerns productivity and growth effects. This chapter examines the proposition that there is a link between openness and growth, alongside competition and productivity. It questions whether openness is acting as a proxy for other factors, such as economies of scale and the rate of capital formation, which can be influenced by other determinants, such as the level and growth of aggregate demand. This chapter examines the question of whether EU membership reversed what was perceived at the time of accession to be the UK’s relative decline, and it examines how the UK’s current large trade deficit might constrain growth rates.

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Titel: Economic Growth and Productivity
verfasst von: Philip B. Whyman
Alina Ileana. Petrescu
Verlag: Springer International Publishing
Buch: The Economics of Brexit
Print ISBN: 978-3-030-55947-2

Electronic ISBN: 978-3-030-55948-9

Copyright-Jahr: 2020
DOI: https://doi.org/10.1007/978-3-030-55948-9_7

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