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In Economic Review Vol. 41, No. 3, Nick Ridpath discusses the so-called ‘UK productivity puzzle’ and identifies a number of factors that are likely to have affected the decline in UK productivity over the past 15 years or so. One such factor is the level of investment spending that, according to the author, has been much lower in the UK than in other similar countries, such as France and Germany.
We can use data to verify this statement, to get a better understanding of the components of investment spending and to evaluate whether low investment spending can, at least partly, explain the UK productivity problem.
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