Market Services and the Productivity Race, 1850–2000: British Performance in International Perspective
Now that services account for such a dominant part of economic activity, it has become apparent that achieving high levels of productivity in the economy requires high levels of productivity in services. This book offers a major reassessment of Britain's comparative productivity performance over the last 150 years. Whereas in the mid-nineteenth century Britain had higher productivity than the United States and Germany, by 1990 both countries had overtaken Britain. The key to achieving high productivity was the 'industrialisation' of market services, which involved both the serving of business and the provision of mass-market consumer services in a more business like fashion. Comparative productivity varied with the uneven spread of industrialised service sector provision across sectors. Stephen Broadberry provides a quantitative overview of these trends, together with a qualitative account of developments within individual sectors, including shipping, railways, road and air transport, telecommunications, wholesale and retail distribution, banking, and finance.
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Market Services and the Productivity Race, 1850-2000: British Performance in ...
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accounted aggregate economy agriculture annum balance of payments Bank of England benchmark Britain Broadberry building societies Central Statistical Ofﬁce centralised Channon clearing banks companies comparative labour productivity comparative productivity competition corporatist countries customised decline difﬁcult distribution efﬁcient employment exports Feinstein 1972 ﬁgures ﬁnance ﬁnancial services ﬁre ﬁrms ﬁrst ﬂeet freight Germany Germany’s Germany/UK Growth rates hierarchical human capital important Indices of output industrialisation industrialisation of services industry inputs and productivity inter-war period investment labour force labour productivity lead labour productivity levels liabilities manufacturing market services merchant million nineteenth century non-bank ﬁnancial Note O’Mahony Ofﬁce Annual Abstract overseas passenger physical capital Post Ofﬁce post-war productivity gap productivity performance reﬂected road transport series projections service sector share signiﬁcant Source standardised Statistical Ofﬁce Annual Statistisches substantial tonnage trade trafﬁc transport and communications trends UK Central Statistical United Kingdom venture World World War II
Page 31 - Reports of the Departmental Committee appointed by the Board of Trade to consider the position of the. First report (Nov., 1916). The German Control Stations and the Atlantic Emigrant Traffic.
Page 30 - American towns; report of an enquiry by the Board of trade into working class rents, housing and retail prices, together with the rates of wages in certain occupations in the principal industrial towns of the United States of America, with an introductory memorandum and a comparison of conditions in the United States and the United Kingdom.
Page 36 - UK Productivity Performance from 1950 to 1979: A Restatement of the Broadberry-Crafts View'. Economic History Review, 56: 718-35. and Ghosal, S. (2002). 'From the Counting House to the Modern Office: Explaining Anglo-American Productivity Differences in Services, 1870-1990'.
Page 44 - The First Large Firms in German Retailing - The Chains of Department Stores from the 1920's to the 1970/80's: Structures, Strategies, Management.
Page 177 - ... and corresponds broadly with the concept of higher-level skills employed here, requiring a qualification at the standard of a university degree (Prais 1995). Although the key higher professions in the nineteenth century were in the Church, medicine, and law, the twentieth century has seen the growing importance of engineering, science, and accounting. Increasingly, these professions have come to be restricted to graduate entry, so that in recent times information on professional associations...