国家经济和社会研究所-生产力悖论：挑战与机遇（英）-2023-9页_503kb

Summary: Productivity Paradox in London

The report addresses the Solow productivity paradox, where rapid technological progress fails to translate into significant productivity growth, as observed by Robert Solow in 1987. Focusing on London, it finds that productivity growth slowed post-GFC, yet London continues to outperform other UK regions in overall productivity levels. However, growth rates lag behind those of cities like New York and Paris, undermining global competitiveness.

Key challenges include: unaffordable housing reducing labor quality and mobility, insufficient public transport investment compared to G7 countries, low R&D spending relative to G7 economies, chronic underinvestment in business capital, and high income inequality, which may hinder long-term growth.

Potential solutions involve a systemic approach, coordinated action across government tiers to align national and local objectives, and overcoming data constraints to better measure productivity factors. Solving this paradox is difficult but achievable.