2026-06-27T23:19:41Zhttps://docta.ucm.es/rest/oai/requestoai:docta.ucm.es:20.500.14352/1000022025-03-18T11:50:44Zcom_20.500.14352_14col_20.500.14352_21
Docta Complutense
author
López Gallego, Julián
author
Rial Quiroga, Adrián
2024-02-07T13:38:56Z
2024-02-07T13:38:56Z
2021
López Gallego, J. y Rial, A. (2021) «Financial services industry power and labor market polarization in the UK debt-led growth model», en Institutional change after the great recession: European growth models at the crossroads. ----: Routledge Reino Unido, pp. 273-306.
978-1-032-00724-3978-0-367-89698-0978-1-003-02058-5
10.4324/9781003020585
https://hdl.handle.net/20.500.14352/100002
https://doi.org/10.4324/9781003020585
This chapter describes the economic structural foundations of the United Kingdom (UK) growth model since the 1980s, regarding output, employment, demand, and income distribution, focusing on those aspects relevant to our goals. It contains a brief analysis of the main institutional characteristics and economic implications of both the financial and labor axes. The chapter explores the impact of the financial and political crisis on both. It shows several stylized facts that define the UK growth model during the years after the Great Recession. Regarding supply factors, the UK economy exhibits low productivity growth rates because of the slowdown of productivity growth in industries that showed high productivity growth in the previous period and, to a lesser extent, because of employment growth in low productivity growth industries. With respect to the labor axis, it is argued that the UK labor market has been characterized by an increasing dualization.
eng
Attribution-NonCommercial-NoDerivatives 4.0 International
Financial services industry power and labor market polarization in the UK debt-led growth model
book part
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Financial_services_industry.pdf
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Financial_services_industry.pdf.txt