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Chapter IV. Industrial Production

Published online by Cambridge University Press:  26 March 2020

David G. Mayes
David G. Mayes*
Affiliation:
National Economic Development Office
*
∗The forecasts presented in this chapter are those of the National Institute. The views expressed about them by the author are his own and do not necessarily coincide with any which may be held by the National Economic Development Office.
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Abstract

It is now nearly two years since the last of the regular assessments of industrial production in this Review. Whereas these usually looked up to eighteen months ahead, this chapter looks at the medium-term. It discusses, at a disaggregated level, the changes in the structure of the economy that might be implied by the aggregate forecast in chapter I. This discussion is prefaced by an examination of recent trends.

Type
Articles
Information
National Institute Economic Review , Volume 106 , November 1983 , pp. 49 - 55
Copyright
Copyright © 1983 National Institute of Economic and Social Research

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References

note 1 in page 49 Described in ‘Production industries’ output rises', British Business, 23 September 1983, pp. 239-41.

note 2 in page 49 Openness is measured here on a revealed and not a potential basis as exports/total demand and imports/total supply.

note 1 in page 50 Inter-industry transactions are based on Input-output tables for the United Kingdom, 1979, Business Monitor PA1004, HMSO, 1983, which has recently been published.

note 1 in page 53 As measured by the ratios of imports to total supply (home + imports) and exports to total demand (home + exports).

note 1 in page 54 ‘Report on Research into Small Appliance Market Among Consumers and Trade’, National Economic Development Office, October 1983.

note 1 in page 55 These and other definitions arc set out in an appendix which is available on request from the author.