Josh Martin

The programme is now out and includes ESCoE's @joshmartinecon.bsky.social and @yannisgalanakis.bsky.social, with a keynote from @imperialcollegeldn.bsky.social's Jonathan Haskel: tinyurl.com/7st5fv73

@jschneebacher.bsky.social @durham.ac.uk

Pleased to have this paper out, which documents an application to the UK of the Bernanke-Blanchard model of wages, inflation and expectations. This is the UK work that feeds into the Bernanke & Blanchard cross-country paper.

Insights on recent UK inflation and associated data #econsky

Finally a very interesting presentation from @domignon.bsky.social on the impact of mental health inequalities within regions on productivity levels. More unequal MH is associated with lower productivity (and in previous work they have that lower average MH is also assoc with lower productivity).

Next research by Jun Du on the differential impact of training for staff and managers (both coverage and intensity) on productivity. Positive effects across the board, but intensity matters more. Lots of discussion about recent trends in online training and current attitudes - some worries!

Session in skills, training snd health at @productivity.bsky.social conference, presentation by @duranvj.bsky.social on the role on training on productivity across European countries. Training has a positive but small direct effect, but a large interaction effect with other intangibles.

Session in skills, training snd health at @productivity.bsky.social conference, presentation by @duranvj.bsky.social on the role on training on productivity across European countries. Training has a positive but small direct effect, but a large interaction effect with other intangibles.

Session on knowledge capital at @productivity.bsky.social Productivity Research Conference, Matthias Schief (@oecd-ocde.bsky.social) presents work on the impact of AI on productivity, using a task-based analysis. Wide range of effects across different industries, and GE effects between industries.

"We need to be better at factoring natural capital and the environment into our measurement of productivity" - @joshmartinecon.bsky.social during the panel session at the Productivity Research Conference.

Read his TPI blog "Greening productivity measurement": www.productivity.ac.uk/news/greenin...

Next, Marius Fourné (Halle) explores the spillover effects of climate policies in production networks. Using inter-country input-output data, and country climate policy measures, he finds significant impacts of foreign climate policies on domestic industry outcomes. Very neat! #econsky

Next @robertinklaar.bsky.social presents exploratory work on occupational specialisation and outsourcing on productivity growth across industries in European countries. Productivity growth has been stronger in industries more intensive in management and R&D type jobs.

Session on productivity and macroeconomics at @productivity.bsky.social conference - Issam Samiri develops a model of labour supply in cities, accounting for commuting, with implications for the distribution of workers and productivity. #econsky

Is the productivity puzzle still a puzzle? 🧩

The opening panel session at @productivity.bsky.social's conference featured ESCoE Advisory Board member @bartvanark.bsky.social, Research Associate Mary O’Mahony and PhD student @joshmartinecon.bsky.social.

About to get going at the @productivity.bsky.social Productivity Research Conference 2025. Two days of discussions on all things #productivity coming up.

An interesting issue on the UK productivity puzzle, including an article by @joshmartinecon.bsky.social (@bankofengland.bsky.social and ESCoE/ @kingscollegelondon.bsky.social PhD student).

@productivity.bsky.social

Symposium on the UK Productivity Puzzle: Insights from Data, Regions and Sectors The latest issue of the #InternationalProductivityMonitor features a symposium of four insightful and timely contributions addressing the UK productivity puzzle—assuming, of course, that one still con...

Some good summer reading!

A new issue of the #InternationalProductivityMonitor (Spring 2025) with a Symposium of articles on the UK #productivitypuzzle. www.linkedin.com/pulse/sympos...

Also a great article on #AI impacts on productivity by OECD.

CSLS and @productivity.bsky.social

I worked in government statistics for some years, including a spell in ONS, and there are a few things to say here.

Final day of @escoeorg.bsky.social conference on economic measurement being kicked off by Sébastien Roux. He describes work by @insee.fr to develop augmented national accounts statistics, incorporating environmental factors by treating emissions as a production input. #EconStats2025

Finally @kevinfoxecon.bsky.social presents on a nonparametric estimation of mark-ups (not imposing a functional form, but drawing on past input-output observations to infer feasible production technologies). Decomposition of markup change into technology, input and output prices, and (in)efficiency.

Tommaso Bighelli (@bankofengland.bsky.social) looks at the effects on incumbents when competitors engage in M&A using German firm-level data. Outside firms expand their product range, especially in highly concentrated markets. #EconStats2025

Session on productivity at @escoeorg.bsky.social conference #EconStats2025 - @emarvasi.bsky.social explores the nexus between intangible capital, market power, & productivity. Accounting for intangibles important for estimating mark-ups - they are lower and flatter, esp for US intan-intensive inds.

Fantastic work by @sophie-piton.bsky.social and co-authors investigating measurement of trade in banking services. Measurement of implicit income is challenging, but finds effect of Brexit once looking at stocks of loans and deposits rather than FISIM. #EconStats2025

Now at ESCoE conference #EconStats2025, a panel discussion on trade and productivity with a range of speakers.

Trade a topic of renewed interest, and productivity always important! Traders are more productive than non-traders, but much of that is selection effects.

Richard explores productivity implications of declining dynamism and the productivity slowdown. Contrasts diffusion with dynamism (with aid of sharks!) Lower responsiveness of firms to productivity shocks, failing to scale up, could depress dynamism and growth. #EconStats2025

Diane notes that the decline in dynamism and productivity growth are global, so global explanations needed. Complexity of production methods and global production methods could inhibit dynamism, startups, scaleups. Some better measurement needed! #EconStats2025

Jakob sets the scene: competition has declined, though measurement is tricky, & probably less in the UK than US. Not clear that increase in market power is driver of reduced business dynamism. Market power has not increased in UK labour market overall, though regional variation. #EconStats2025

Day 2 of the @escoeorg.bsky.social conference on economic measurement, kicking off with a panel on competition, dynamism and growth with @jschneebacher.bsky.social, @dianecoyle1859.bsky.social, @richarddavies.bsky.social and @teraallas.bsky.social. #EconStats2025

Finally @joelkariel.bsky.social presents new work on multi-establishment firms (MEFs), exploring their scale, span and scope. These MEFs are rare but large and important, though decreasingly so since 2010. Business dynamism fallen amongst MEFs, driving aggregate fall. #EconStats2025

Carol Corrado describes the Global Intan-Invest project (LUISS and @wipo.int) expanding intangible investment estimates to other countries and generating quarterly estimates. Intangible investment grown more than tangibles since 2019 in major economies.

Next session at @escoeorg.bsky.social conference on productivity. Paper from @aaronputseys.bsky.social using a novel firm-to-firm transactions dataset to measure intangible investments, and exploring the J-curve-type mismeasurement of TFP at the firm level. Very interesting. #EconStats2025

Now at #EconStats2025 ESCoE conference, a panel session on the relevance to GDP in the modern economy. Featuring Richard Heys (ONS), @dianecoyle1859.bsky.social and @chrisgiles.ft.com.

United dislike for the famous Robert Kennedy quote, but divided views on the ongoing merits of GDP.