New research by me: ‘French lessons for Britain’s economy’. I try to answer this question – why has France kept pace with US output per hour and Britain fallen behind? https://www.cer.eu/publications/archive/policy-brief/2024/french-lessons-britains-economy 1/
Comments
Capital spending ≠ infrastructure
Depends on efficiency of spend
In terms of bangs for buck for capital investment I seem to recall there's evidence that stuff like railways etc cost more per km in UK than France.
UK spends a lot of money on buildings but doesn’t get very much productivity from them, because they’re relegated to a minority of the land and prohibited from locations where they’d enhance productivity the most.
Dont these factors, themselves, make a country much more productive?
Inovallée technology zone http://inovallee.com sits in the Montbonnot suburb. Area provides:
- mixed business and residential
- facilities
- good transport links to city centre
- low rise apartment blocks
- biomass boilers
- underground car parks
There is no recovery without the engines of the regions firing.
~5% points more of GDP on investment per annum
i.e. after 10 years ~50% difference in capital investment.
But I'll have a look at the rest of your thread now.