No CrossRef data available.
Article contents
Extract
The UK economy entered 1992 having experienced one of the largest falls in the volume of domestically produced output during a single calendar year in the post-war period, with output likely to have fallen by close to 2.5 per cent in 1991. However the pace of the decline has begun to moderate in recent months, with activity in the second half of the year around 2 per cent lower than a year earlier. With oil production having recovered since the summer, it seems likely that onshore activity declined for the sixth successive quarter in the final three months of 1991.
- Type
- Articles
- Information
- Copyright
- Copyright © 1992 National Institute of Economic and Social Research
References
Bond, S., Denny, K. and Devereux, M., (1992), ‘Investment and the role of tax incentives’, paper presented at NIESR conference on ‘Private investment as a policy objective’.Google Scholar
Church, K., Mitchell, P., Turner, D., Wallis, K., and Whitley, J., (1991), ‘Comparative properties of models of the UK economy’, National Institute Economic Review, no. 137.Google Scholar
Davies, G., Dilnot, A., Walton, D. and Whitehouse, E. (1992), ‘Tax options for 1992, The Green Budget’, Institute for Fiscal Studies, Commentary no. 28.CrossRefGoogle Scholar
Oecd (1990), ‘Employer versus employee taxation: the impact on employment’, OECD Employment Outlook, July 1990, Chapter 6.Google Scholar
Young, G. (1992), ‘Industrial investment and economic policy’, paper presented at NIESR conference on ‘Private investment as a policy objective’.Google Scholar