THE COMPETITIVENESS OF UK MANUFACTURING: EVIDENCE FROM IMPORTS |
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| Authors: | TEMPLE PAUL; URGA GIOVANNI |
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| Institution: | *Centre for Business Strategy, London Business School Sussex Place, London NW1 4SA
 Centre for Economic Forecasting, London Business School |
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| Abstract: | The paper presents an empirical analysis of the behaviour ofUK imports of manufactures, intended to develop understandingof non-price competitiveness by evaluating the impact of capacityconstraints, international specialisation, and industrial standards.Two data sets are employed: aggregate data for the period 1970–93,and a panel of 81 industries for 1985–90. Structural stabilityin a model of the former suggests that no competitiveness improvementhas occurred in domestic UK manufacturing which matches thatfound elsewhere for exports The panel model shows the importantimpact of standards on imports, while confirming that skilledlabour shortages are a key source of volatility. |
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