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.
Category: Productivity
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
The Prospects for Growth
The IMF and OECD have forecast the future economy – what do they mean for Jersey?
Competition and Productivity
How can competition help Jersey become more productive? In a guest blog, Sarah Price, the JCRA’s Chief Operating Officer, explains