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Can Intangible Investment Explain the UK Productivity Puzzle?

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Figure

Figure  2  sets  out  the  TFP  growth  picture  (TFP  calculated  as  output  per  hour  less  share  weighted  capital and labour services per hour)
Figure 3: Index of UK nominal private sector investment in selected assets (2008=100)
Table 1: Productivity and Labour Composition before and during the recession
Table 2: Changes in labour composition during and after the 2008-09 recession
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