A week-long series of events, seminars, conferences, and panel discussions has been launched to raise awareness of and offer solutions to addressing the UK’s productivity challenges. National Productivity Week has been organised by The Productivity Institute, the ESRC funded research body of which the University of Cambridge is one of nine partner institutions.
It will run from November 27 to December 1 and bring together academia, business leaders, policymakers and thinktanks to share insights and provide solutions for tackling productivity slowdown in the UK.
The East Anglia Regional Productivity Forum led by the Bennett Institute for Public Policy at the University of Cambridge has organised an event as part of the week.
East Anglia RPF National Productivity Week event
The East Anglia Regional Productivity Forum is hosting an event looking at recent work on how the emerging economic sectors across East Anglia are related to one another.
Business drivers of productivity
The Productivity Institute has identified 5 key drivers of productivity and there are a number of our services that can help businesses with a number of these.
- Innovation –Our Knowledge Transfer Partnerships can help businesses innovate. Find out more here.
- Worker skills, engagement and well-being and Management competencies – skills and training are major enablers for firms to become more productive and we know that there is a link between productive firms and management practices. Find out about our Executive Education courses here.
Productivity research
The University of Cambridge academics have produced a wide range of research relating to productivity. Some highlights include;
- Valuing data The initial study in this project set out a framework identifying key types of data and the appropriate approaches for valuing them.
- Local Industrial Strategies: building on strengths, addressing weaknesses This policy brief draws on reports on Local Economic Complexity Supply Chains prepared for the Greater Manchester Prosperity Review:
- Generative AI Which path should the UK take to build national capability for generative AI?
- Environmentally-adjusted productivity measures for the UK Standard productivity measures follow a private goods perspective, assuming free disposal of bad outputs. But from a social welfare perspective, productivity measures would internalise production externalities.