Ungated Post | 23 May 2019

The Cisco UK Productivity Index

Examining Local Performance Disparities Within The UK

Britain is in the grip of a long-term productivity slump. While most major economies have seen productivity growth slow since the financial crisis, the UK’s experience has been particularly poor. A key aspect of this story is the disparities in productivity between different UK locations—even within the same region. Oxford Economics has created the Cisco UK Productivity Index to shed new light on this issue.

A key feature of the Index is that it controls for the aspect of productivity performance that is explainable by each local area’s industrial mix (the "industry effect”). In so doing, it can shed more light on other explanatory factors that may be unique to each area – from levels of investment in technology to the quality of road, rail, and air connections.

The Index reveals a wide divergence in productivity levels across the UK, even when these differences in industrial composition are taken into account. Large intra-regional variations are also highlighted, particularly in the Index’s stronger performing areas. This underlines that regional geographies are only part of the explanation for the UK’s productivity disparities.

Read the full report

Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:

Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial and policy issues.

To find out more about our capabilities, contact:

EMEA
Sam Moore
+44 (0)207 803 1415
Email

Americas
Hamilton Galloway
+1 (646) 503 3068
Email

Asia
Christie Tang
+852 3974 8841
Email

Cities
Anthony Light
+44 (0)203 910 8053
Email

Related Services

Post

The Environmental Impact of Digital Over Cash Payments in Europe

On behalf of the European Digital Payment Industry Alliance (EDPIA), our report on “The Environmental Impact of Digital over Cash Payments in Europe” seeks to evaluate carbon emissions across payment systems at point of sales.

Find Out More

Post

2024 Payoneer SMB Ambitions Barometer

In early 2024, in collaboration with Payoneer, Oxford Economics conducted the second-annual Payoneer SMB Ambitions Barometer survey to understand the barriers and opportunities faced by small- and medium- sized businesses (SMB) globally.

Find Out More

Post

Boosting Accommodation Supply and Affordability During Major Events

Flexible accommodation solutions made available on Airbnb enable destinations to host events, enhancing visitor experience and bolstering local economies.

Find Out More