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PRODUCTIVITY LEVELS IN BRITISH
Skills of management and labour
Incorporating differences in human capital
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American counterparts average Britain British and American British industries British plants Business Statistics Office capital intensity catch-up effects Caves Census cent Chapter CHECAP comparative competition determinants of relative determinants of VPW differences differential Economic effect EFFG efficiency employees employment equation estimated evidence expected explanatory variables exports firms FOSK human capital hypothesis IMEXK implies important increase indicates industry's influence instrumental variables inter-industry labour input labour productivity labour relations large plants large-plant sectors managerial manufacturing industries matched industries measured neoclassical core number of strikes ordinary least squares output per head performance plant sizes problem production function productiv productivity growth productivity levels proportion ratio regression relative productivity sample industries sample mean scale economies small plants Sources tests are appropriate total factor productivity trade exposure two-tail tests typical plant UK/US UNION United Kingdom variance VPWG VPWi workers workforce