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The Productivity Puzzle and Northern Ireland

Posted on June 10, 2013 by Paul Mac Flynn

InBrief June 2013

Over the last two years, the UK economy has experienced stagnating output growth alongside increasing total employment. This counter-intuitive situation has come to be known as the "Productivity Puzzle". Northern Ireland has experienced a similar dynamic over the last two years. There is no agreement among researchers as to what may be causing this situation or whether it is a permanent or temporary feature of the economy.

This in-Brief seeks to examine the many possible causes of the productivity puzzle, their likelihood and to what extent thy apply to Northern Ireland. Whether this trend continues or not, it does pose some very important questions about the state of the domestic economy and how it may evolve in the near future.

 

The latest NERI In-Brief is here

 

Posted in: MacroeconomicsNorthern Ireland

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