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UK Manufacturing (uk + manufacturing)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting100%

Terms modified by UK Manufacturing

  • uk manufacturing sector
    		•

    Selected Abstracts

    Accounting for Strikes: Evidence from UK Manufacturing in the 1980s

    LABOUR, Issue 3 2000
    Daphne Nicolitsas
    The decrease in the number of strikes in the UK during the 1980s has revived the discussion on the explanatory factors of strike frequency. This paper investigates explanations for the time variation of strike frequency in different industries of British manufacturing. The framework used is that of the joint cost model of strikes; strike frequency is inversely related to strike costs. The results from a panel of 90 manufacturing industries for the period 1983,88 show some support for the hypothesis that strikes decreased because they became more expensive. In the main, we find that factors that affect both employers and employees (such as revenue, inventories) are significant in explaining variations in strike frequency. Factors that affect only employees, however, such as the unemployment rate, are not. [source]

    Expectations Formation and Business Cycle Fluctuations: An Empirical Analysis of Actual and Expected Output in UK Manufacturing, 1975,1996

    OXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 4 2000
    Kevin Lee
    Direct measures of expectations, derived from survey data, are used in a Vector Autoregressive (VAR) model of actual and expected output in eight industries in the UK manufacturing sector. No evidence is found with which to reject rationality in the derived expectations series when measurement error is appropriately taken into account. The VAR analysis illustrates the importance of intersectoral interactions and business confidence in explaining the time profile of industrial outputs, examines the mechanisms by which shocks are propagated across sectors and over time and investigates the relative importance of sectoral and aggregate shocks of different types. [source]

    A Disaggregated Markov-Switching Model of the Business Cycle in UK Manufacturing

    THE MANCHESTER SCHOOL, Issue 4 2000
    Hans-Martin Krolzig
    Exploring index of production data for six major UK manufacturing sectors, we investigate the interaction of the UK business cycle with changes in the industrial structure of the UK economy during the last three decades. We propose a Markov-switching vector equilibrium correction model with three regimes representing recession, normal growth and high growth. The regime shifts simultaneously affect the common growth rate and the sectoral equilibrium allocation of industrial production. In contrast to previous investigations, a common cycle can be uncovered which is closely related to traditional datings of the UK business cycle. [source]

    Is UK manufacturing in terminal decline?

    ECONOMIC OUTLOOK, Issue 1 2007
    Article first published online: 7 FEB 200
    First page of article [source]

    The decline of incentive pay in British manufacturing

    INDUSTRIAL RELATIONS JOURNAL, Issue 4 2010
    James Arrowsmith
    ABSTRACT Motivation theories and the strategic pay literature envisage that the management of employees can be well-served by financial incentives and other forms of pay flexibility. Traditionally, UK manufacturing has made extensive use of variable payments systems (VPS), notably piece-work and bonuses, but these have declined at the same time as managerial control over pay-setting has increased. Evidence from six case studies suggests that a focus on pay is only part of the picture. Increased competition and change makes the design of VPS more complex, and new forms of work organisation become the focus of performance. In this context, firms have (i) abandoned individual incentive pay and (ii) aggregated VPS in support of broader objectives. [source]