Based on the expectation that the intensified use of robots contributes to the growth of labour productivity, this paper presents estimates of Cobb-Douglas production functions, using data for 12 EU countries and 9 manufacturing industries. The empirical results for the models pooling all...

The UK’s poor productivity performance relative to the US has been a focus for government policy and analysis in recent Budgets and Pre-Budget Reports. Figure 1, where the UK business sector is scaled to 100, shows that US business sector labour productivity (value-added per worker) was just...