Productivity growth at the level of a firm is quite easy to understand. At its simplest it means a firm finding ways to produce more value with the same or less inputs; but exactly how the actions of individual firms build up to deliver productivity growth at the level of the economy is more difficult to imagine.
Author: Economics Unit
Creative destruction – a force to be embraced and preserved?
Population and Employment – What does the data tell us?
For a small island, we are lucky enough to be relatively data rich. We have a lot of data, and Statistics Jersey has a programme of work which is delivering more data, different data and better data. This creates a challenge for the economics unit as we look to use this information to understand the story it is telling us about the economy of Jersey. This month’s note looks at the data we have on population, employment and jobs, and the narrative that this data collectively tells us.
Jersey’s Economy: 2022
What happened to Jersey’s economy in 2022? One area did exceptionally, while others did not. Jersey’s Economic Advisory Team explain in their monthly blog
Jersey’s Future Economy – The Only Way is Digital
In a guest blog, Dame Wendy Hall, Regius Professor of Computer Science at the University of Southampton and Non-Executive Director for Digital Jersey
The Prospects for Growth
The IMF and OECD have forecast the future economy – what do they mean for Jersey?
Public Voice: Common Ground at ‘Placemaking in Practice’, British-Irish Council, Cardiff, 2023
In a guest blog, Sasha Gibb explains how she presented Jersey’s Public Voice: Common Ground project to the British-Irish Council
Competition and Productivity
How can competition help Jersey become more productive? In a guest blog, Sarah Price, the JCRA’s Chief Operating Officer, explains
Q&A: Credit reference agencies and access to information
The below Q&A relates to a Consultation on improving the information made available to credit reference agencies, which can be found here: Credit reference agency access to information (gov.je) Why does Government want to give credit reference agencies access to personal information? Government is proposing to provide UK credit reference agencies (“CRAs”) with information on … Read more Q&A: Credit reference agencies and access to information
Cost of Living focus: Your FAQs answered on inflation and rising costs
What’s the difference between cost of living and inflation? The cost of living refers to the amount of money required to sustain a certain standard of living, including expenses such as housing, food, transportation, and healthcare. It varies depending on location, lifestyle, and individual preferences. While the cost of living considers specific expenses, inflation reflects … Read more Cost of Living focus: Your FAQs answered on inflation and rising costs
Economic Notes: July
This month’s economic note considers the link between population and economic growth in a Jersey context.