Increasing returns and externalities in UK manufacturing: myth or reality?

Article Abstract:

The method used by Caballero and Lyons (1989) to investigate the role of externalities and economies of scale in the US manufacturing sector is applied to UK data at the industry level. Results showed that while an external effect could be demonstrated at the sectoral level, no proof could be found for industry-level external effects. Several alternative explanations for industry-level external effects found in the UK manufacturing sector are proffered, including economy-wide technology shocks and the learning effect due to the accelerated diffusion of knowledge.

Research, Manufacturing industry, Manufacturing industries, Corporations, Corporations, British

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The variation of productivity within British and German industries

Article Abstract:

A study was conducted to analyze differences in the labor productivities of the UK and Germany. Analysis shows that unweighted average labor productivities generate German advantage over the UK when compared with employment-weighted averages. Statistics outlining the variation between these two measures of productivity are presented. Results show that UK exhibits vulnerable markets in seven industry types.

Germany, Statistics, Industrial productivity, Labor productivity

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