National Productivity Week 27th January 2025 | Visit Website

A diverse community of leading experts, policymakers and practitioners

The Institute’s key research themes are led by ten academic partners spread across the UK.

Investment in Places research project

Working closely with policymakers

We’re a UK-wide research organisation exploring what productivity means for business

Businesses are crucial to solving the UK’s productivity problems.

Research

Macroeconomic trends & policy

Macroeconomic trends & policy

Many of the UK productivity issues reflect economy-wide failures. From a private finance viewpoint, large financing gap for business seems to have emerged as banking restrictions on lending lead to shortfalls in productive investment. From a fiscal viewpoint, public investment in productivity-enhancing infrastructure may be limited by the fiscal regime and accounting frameworks used by the Treasury.

Theme lead

Professor Jagjit Chadha

Co-Investigators

Professor John Tsoukalas
Dr Issam Samiri

Collaborators

Professor John Fernald
Professor Robert Inklaar
Paul Mortimer-Lee
Professor Adrian Pabst

Theme paper

Macroeconomic Perspectives on Productivity

Access to capital and finance: strategic context, challenges and policy recommendations

Coordinated public-private investment is needed to reduce the UK's regional productivity inequalities.

Research
Aug 12, 2024

Structural Change at a Disaggregated Level: Sectoral Heterogeneity Matters

An analysis of a disaggregated structural change model for the US economy in the post-Second World War period.

Research
Jul 31, 2024

Private equity financing & firm productivity

This paper compares private equity (PE) transactions and data on non-PE-backed firms to study the impact of private equity funding and ownership on firm-level productivity.

Research
Jan 24, 2024