S8 Ep8: Solving the Productivity Puzzle with Ed Balls, Anna Stansbury and Dan Turner
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S8 Ep8: Solving the Productivity Puzzle with Ed Balls, Anna Stansbury and Dan Turner
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All three have recently collaborated on papers to do with regional inequality in the UK and the lessons the UK can learn from Bidenomics.
In this conversation, they discuss the worsening regional disparities in productivity, income, and overall economic performance within the UK, particularly highlighting the stark contrast between the economic conditions in the South East compared to cities like Nottingham, Manchester, and Birmingham.
The traditional narrative of the North-South divide, which primarily focused on employment levels and unemployment rates, has evolved. Instead, the emphasis has now shifted towards productivity, revealing that while employment rates may be comparable across regions, the productivity of economic output varies greatly.
To read more about Ed, Anna and Dan’s research papers, find them here:
Tackling the UK’s regional economic inequality: Binding constraints and avenues for policy intervention https://www.hks.harvard.edu/centers/mrcbg/publications/awp/awp198
What should the UK learn from ‘Bidenomics’?
https://www.hks.harvard.edu/centers/mrcbg/publications/awp/awp252
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