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Home Research areas Investment, productivity and innovation Firm performance and productivity

Firm performance and productivity

Long-term increases in prosperity and living standards depend on sustained growth in productivity. Our research looks at the factors underlying the UK’s and other countries’ productivity performance, including changes in economic institutions, the adoption of information and communication technologies, management methods, skills and human capital development, and the allocation of resources (including the entry of new firms). We have considered both long-run trends and the recent experience following the 2008 financial crisis.

Selected highlights

Productivity is currently the most talked about topic in town, and for good reason. At the end of 2014 UK productivity remained below its pre-recession level and 16% below where it would have been had the pre-recession trend continued. Looking forward, it is only productivity growth that is likely ...
Journal article
We use a simple and general model to show that increased price dispersion can be a consequence of frictions to efficient capital allocation.
Journal article
In this paper, we use firm- and individual-level data to shed new light on these aggregate patterns and we examine changes in firm investment in physical capital and profitability.


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Rachel Griffith
Research Director
Helen Miller
Deputy Director