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Productivity and the Bonus Culture

Andrew Smithers

Published in print:
2019
Published Online:
May 2019
ISBN:
9780198836117
eISBN:
9780191873461
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198836117.001.0001
Subject:
Economics and Finance, Financial Economics

Living standards in the UK and the US are in danger of falling. In the past change has brought disruption with the offsetting reward of higher living standards from growth. Today we have disruption ... More


The Political Economy of Italy's Decline

Andrea Lorenzo Capussela

Published in print:
2018
Published Online:
May 2018
ISBN:
9780198796992
eISBN:
9780191838620
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198796992.001.0001
Subject:
Economics and Finance, Economic Systems, Public and Welfare

This book offers an interpretation of Italy’s decline, which began two decades before the Great Recession. It argues that its deeper roots lie in the political economy of growth. This interpretation ... More


Neoclassical Growth: Labour Productivity and Corporate Restructuring

Linda Yueh

in China's Growth: The Making of an Economic Superpower

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199205783
eISBN:
9780191752018
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199205783.003.0003
Subject:
Economics and Finance, South and East Asia

This chapter shows that the slowdown in TFP from the mid-1990s is associated with the slowing of one-off productivity gains from factor reallocation. By the end of the 1990s and 2000s, much of the ... More


Description of My Model

Andrew Smithers

in Productivity and the Bonus Culture

Published in print:
2019
Published Online:
May 2019
ISBN:
9780198836117
eISBN:
9780191873461
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198836117.003.0010
Subject:
Economics and Finance, Financial Economics

The volume of the capital stock is defined as the original cost at constant prices of all tangible capital that has not been scrapped. Due to the poor data available for the UK my calculations and ... More


The Results of My Model

Andrew Smithers

in Productivity and the Bonus Culture

Published in print:
2019
Published Online:
May 2019
ISBN:
9780198836117
eISBN:
9780191873461
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198836117.003.0011
Subject:
Economics and Finance, Financial Economics

TFP has been on a long-term declining trend and over the most recent thirty- and twenty-year periods has run at 0.9 per cent per annum and 0.8 per cent per annum. Since 1980 TFP has fluctuated around ... More


Investment, the Capital Stock, and Economic Policy

Andrew Smithers

in Productivity and the Bonus Culture

Published in print:
2019
Published Online:
May 2019
ISBN:
9780198836117
eISBN:
9780191873461
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198836117.003.0013
Subject:
Economics and Finance, Financial Economics

Of the constituents of NTV only corporation tax and the hurdle rate seem credible targets for policy changes designed to boost labour productivity. The hurdle rate is stable over the long term so ... More


Implications for Growth

Andrew Smithers

in Productivity and the Bonus Culture

Published in print:
2019
Published Online:
May 2019
ISBN:
9780198836117
eISBN:
9780191873461
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198836117.003.0016
Subject:
Economics and Finance, Financial Economics

Without policy measures to offset the negative impact of the bonus culture, investment, productivity, and growth are likely to remain depressed. Given the slow growth of the working age population, ... More


What I Seek to Show

Andrew Smithers

in Productivity and the Bonus Culture

Published in print:
2019
Published Online:
May 2019
ISBN:
9780198836117
eISBN:
9780191873461
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198836117.003.0002
Subject:
Economics and Finance, Financial Economics

This chapter previews the argument set out in the book. A change in economic policy is essential to prevent a fall in living standards in the UK and the US. Weak growth was the result of changes in ... More


Investment and the Stock of Capital

Andrew Smithers

in Productivity and the Bonus Culture

Published in print:
2019
Published Online:
May 2019
ISBN:
9780198836117
eISBN:
9780191873461
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198836117.003.0009
Subject:
Economics and Finance, Financial Economics

Investment in intangibles does not increase the volume of the capital stock nor is it designed to do so. The aim is to increase the efficiency of tangible investment. The volume of the capital stock ... More


Sexual Revolution!: Moral Panic and the Repressive Right

Benjamin A. Cowan

in Securing Sex: Morality and Repression in the Making of Cold War Brazil

Published in print:
2016
Published Online:
September 2016
ISBN:
9781469627502
eISBN:
9781469627526
Item type:
chapter
Publisher:
University of North Carolina Press
DOI:
10.5149/northcarolina/9781469627502.003.0003
Subject:
History, Latin American History

Chapter Three turns to the transnational currents of right-wing ideology that influenced countersubversion. This chapter exhumes the long-overlooked priorities of right-wing activists in mid-century ... More


Introduction to Human Capital and Economic Growth

in Human Capital and Economic Growth

Published in print:
2008
Published Online:
June 2013
ISBN:
9780804755405
eISBN:
9780804769761
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804755405.003.0001
Subject:
Economics and Finance, Econometrics

This chapter introduces the themes of the book, providing an overview of the main theories linking human capital accumulation and economic growth. Investment in physical capital, or capital ... More


‘This thing called family intervention …’

Stephen Crossley

in Troublemakers: The Construction of 'Troubled Families' As A Social Problem

Published in print:
2018
Published Online:
January 2019
ISBN:
9781447334729
eISBN:
9781447334774
Item type:
chapter
Publisher:
Policy Press
DOI:
10.1332/policypress/9781447334729.003.0006
Subject:
Sociology, Marriage and the Family

This chapter discusses how the Troubled Families Programme (TFP) is predicated on the family intervention model, which relies on a key worker gaining the trust of a family, building a relationship ... More


From the Poor to the Plutocrats

Francis Teal

in The Poor and the Plutocrats: From the poorest of the poor to the richest of the rich

Published in print:
2021
Published Online:
March 2021
ISBN:
9780198870142
eISBN:
9780191912979
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198870142.003.0011
Subject:
Economics and Finance, Public and Welfare

In this chapter we provide an overview of the arguments of the earlier chapters as to what explains absolute and relative poverty and the incomes of the super-rich. The factors that influence whether ... More


The Spanish Productivity Puzzle

Laura Hospido and Eva Moreno-Galbis

in Productivity Puzzles Across Europe

Published in print:
2016
Published Online:
November 2016
ISBN:
9780198786160
eISBN:
9780191827860
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198786160.003.0009
Subject:
Economics and Finance, Macro- and Monetary Economics

While Spain has traditionally underperformed compared to its European neighbours in terms of labour productivity, this trend reverses after 2007. Part of the explanation for this reversal is likely ... More


Introduction: Italy’s Decline, the Existing Interpretations, and Our Hypothesis

Andrea Lorenzo Capussela

in The Political Economy of Italy's Decline

Published in print:
2018
Published Online:
May 2018
ISBN:
9780198796992
eISBN:
9780191838620
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198796992.003.0001
Subject:
Economics and Finance, Economic Systems, Public and Welfare

This chapter summarizes the main analyses of Italy’s economic decline, discusses their limitations, and sketches the interpretation offered in this book. The discussion is set in the framework of ... More


The ‘Economic Miracle’ and an Ambitious Reform Programme

Andrea Lorenzo Capussela

in The Political Economy of Italy's Decline

Published in print:
2018
Published Online:
May 2018
ISBN:
9780198796992
eISBN:
9780191838620
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198796992.003.0007
Subject:
Economics and Finance, Economic Systems, Public and Welfare

This chapter discusses the 1950–64 period, during which Italy’s convergence to the productivity frontier proceeded at the fastest pace in its history. This burst of catch-up growth—the so-called ... More


Continuity and Instability: The Spiral Sets In

Andrea Lorenzo Capussela

in The Political Economy of Italy's Decline

Published in print:
2018
Published Online:
May 2018
ISBN:
9780198796992
eISBN:
9780191838620
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198796992.003.0008
Subject:
Economics and Finance, Economic Systems, Public and Welfare

This chapter reviews the 1964–79 period, during which the social tensions accumulated over the previous decades erupted, a wave of political violence without parallel in Europe shook the country, and ... More


The Last Four Decades: The Spiral Unperturbed, Halted, Resumed

Andrea Lorenzo Capussela

in The Political Economy of Italy's Decline

Published in print:
2018
Published Online:
May 2018
ISBN:
9780198796992
eISBN:
9780191838620
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198796992.003.0009
Subject:
Economics and Finance, Economic Systems, Public and Welfare

This chapter reviews the 1980–2017 period, during which, having reached the peak of its convergence to the productivity frontier, Italy’s decline began and progressively accelerated. Its proximate ... More


Two Models of Growth

Andrew Smithers

in Productivity and the Bonus Culture

Published in print:
2019
Published Online:
May 2019
ISBN:
9780198836117
eISBN:
9780191873461
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198836117.003.0008
Subject:
Economics and Finance, Financial Economics

In order to devise an appropriate policy to boost growth it is essential to understand its causes, which in Solow’s accounting framework depend on changes in capital, labour, and technology. Both the ... More


Setting the Stage

Dennis Patrick Leyden and Albert N. Link

in Public Sector Entrepreneurship: U.S. Technology and Innovation Policy

Published in print:
2015
Published Online:
December 2014
ISBN:
9780199313853
eISBN:
9780190220976
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199313853.003.0004
Subject:
Economics and Finance, Public and Welfare

This chapter motivates the book’s examination in later chapters of the Bayh-Dole Act of 1980, the Stevenson-Wydler Act of 1980, the R&E Tax Credit of 1981, the Small Business Innovation Development ... More


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