Oulton, Nicholas


Mr Nicholas Oulton  

Department

Position held

Centre for Economic Performance (CEP)

Associate - Productivity and Innovation

Non LSE positions held

Department

Position held

University College London

Visiting Professor

Experience keywords:

productivity; ICT; standard of living

Research summary > [Click to expand]

I am the co-author of a 1994 book on UK manufacturing and have published numerous articles on productivity and competitiveness at the company, industry and whole economy level. Recently, I have studied the role of ICT in explaining UK and US economic performance. Most recently, I have studied how to construct true measures of the cost and standard of living using only the data regularly gathered by statistical agencies. My expertise lies in the measurement and analysis of productvity and more generally in the construction and analysis of economic statistics, such as price indices of all types.

Sectors and industries to which research relates:

Creative Industries and CultureFinancial ServicesInformation TechnologyPublic Administration

Languages:

French [Spoken: Intermediate, Written: Fluent]

Media experience:

RadioTV

Contact Points

LSE phone number:

+44 (0)20 7955 7284

Publications

The following references are sourced from LSE Research Online|. References that are linked lead to the full text.

2013

Oulton, Nicholas and Sebastiá-Barriel, María (2013) Long and short-term effects of the financial crisis on labour productivity, capital and output. CEP Discussion Papers, CEPDP1185. Centre for Economic Performance, London School of Economics and Political Science, London, UK

Oulton, Nicholas (2013) Has the growth of real GDP in the UK been overstated because of mis-measurement of banking output? Centre for Economic Performance, London School of Economics and Political Science, London, UK

Oulton, Nicholas and Sebastiá-Barriel, María (2013) Long and short-term effects of the financial crisis on labour productivity, capital and output. Bank of England working papers, 470. Bank of England, London, UK

Oulton, Nicholas (2013) Has the growth of real GDP in the UK been overstated because of mis-measurement of banking output? National Institute economic review, ISSN 0027-9501

2012

Oulton, Nicholas (2012) Hooray for GDP!. Centrepiece, 17 (3). pp. 6-11. ISSN 1362-3761

Oulton, Nicholas (2012) How to measure living standards and productivity. Review of income and wealth, 58 (3). pp. 424-456. ISSN 0034-6586

Oulton, Nicholas (2012) Long term implications of the ICT revolution: applying the lessons of growth theory and growth accounting. Economic modelling, 29 (5). pp. 1722-1736. ISSN 0264-9993

Oulton, Nicholas (2012) Hooray for GDP!. Centre for Economic Performance, London School of Economics and Political Science, London, UK

Oulton, Nicholas and Rincon-Aznar, Ana (2012) Rates of return and alternative measures of capital input: 14 countries and 10 branches, 1971-2005. In: Mas, Matilde and Stehrer, Robert, (eds.) Industrial productivity in Europe: growth and crisis. Edward Elgar, Cheltenham, pp. 307-336. ISBN 9780857932099

Chevalier, Paul-Antoine and Lecat, Rémy and Oulton, Nicholas (2012) Convergence of firm-level productivity, globalisation and information technology: evidence from France. Economics letters, 116 (2). pp. 244-246. ISSN 0165-1765

2011

Oulton, Nicholas (2011) The wealth and poverty of nations: true PPPs for 141 countries. CEP discussion papers, CEPDP1080. Centre for Economic Performance, London School of Economics and Political Science, London, UK

2010

Oulton, Nicholas (2010) Long term implications of the ICT revolution: applying the lessons of growth theory and growth accounting. Centre for Economic Performance discussion papers, CEPDP1027. London School of Economics and Political Science, London, UK

2009

Chevalier, Paul-Antoine and Lecat, Rémy and Oulton, Nicholas (2009) Convergence de la productivité des entreprises, mondialisation, technologies de l'information et concurrence. Économie et statistique, (419). pp. 101-124. ISSN 0336-1454

Basu, Susanto and Fernald, John G. and Oulton, Nicholas and Srinivasan, Sylaja (2009) The case of the missing productivity growth, or does information technology explain why productivity accelerated in the United States but not in the United Kingdom? In: Jorgenson, Dale and Morris, Samuel W., (eds.) The economics of productivity. Edward Elgar. ISBN 9781848444843

Chevalier, Paul-Antoine and Lecat, Rémy and Oulton, Nicholas (2009) Convergence of firm-level productivity, globalisation, information technology and competition: evidence from France. CEP Discussion Paper, No. 916. Centre for Economic Performance, London School of Economics and Political Science, London, UK

Oulton, Nicholas (2009) How to measure living standards and productivity. CEP Discussion Paper, No. 949. Centre for Economic Performance, London School of Economics and Political Science, London, UK

Oulton, Nicholas and Rincon-Aznar, Ana (2009) Rates of return and alternative measures of capital input: 14 countries and 10 branches, 1971-2005. CEP Discussion Paper, No. 957. Centre for Economic Performance, London School of Economics and Political Science, London, UK

Oulton, Nicholas (2009) ICT and productivity growth in the United Kingdom. In: Jorgenson, Dale and Morris, Samuel W., (eds.) The economics of productivity. Edward Elgar. ISBN 9781848444843

2008

Oulton, Nicholas (2008) How to measure the rising cost of living. Centrepiece, 13 (2). pp. 18-20. ISSN 1362-3761

Oulton, Nicholas (2008) Chain indices of the cost-of-living and the path-dependence problem: an empirical solution. Journal of econometrics, 144 (1). pp. 306-324. ISSN 0304-4076

2007

Oulton, Nicholas (2007) Ex post versus ex ante measures of the user cost of capital. Review of income and wealth, 53 (2). pp. 295-317. ISSN 0034-6586

Oulton, Nicholas (2007) Jeremy Greenwood and Per Krusell, "growth accounting with investment-specific technological progress: a discussion of two approaches" a rejoinder. CEPDP, 802. Centre for Economic Policy, London School of Economics and Political Science, London, UK

Oulton, Nicholas (2007) Chain indices of the cost of living and the path-dependence problem: an empirical solution. CEPDP, 797. Centre for Economic Performance, London School of Economics and Political Science, London, UK

Oulton, Nicholas (2007) Investment-specific technological change and growth accounting. Journal of monetary economics, 54 (4). pp. 1290-1299. ISSN 0304-3932

2005

Oulton, Nicholas (2005) Ex post versus ex ante measures of the user cost of capital. CEPDP, 698. Centre for Economic Performance, London School of Economics and Political Science, London, UK

Oulton, Nicholas and Srinivasan, Sylaja (2005) Productivity growth in UK industries, 1970-2000: structural change and the role of ICT. Bank of England working papers, 259. Bank of England, London, UK

Oulton, Nicholas and Srinivasan, Sylaja (2005) Productivity growth and the role of ICT in the United Kingdom: an industry view, 1970-2000. CEPDP, 681. Centre for Economic Performance, London School of Economics and Political Science, London, UK

2004

Oulton, Nicholas (2004) Productivity versus welfare: or GDP versus Weitzman's NDP. Review of income and wealth, 50 (3). pp. 329-355. ISSN 0034-6586

Basu, Susanto and Fernald, John G. and Oulton, Nicholas and Srinivasan, Sylaja (2004) The case of the missing productivity growth, or does information technology explain why productivity accelerated in the United States but not in the United Kingdom? In: Gertler, Mark and Rogoff, Kenneth, (eds.) NBER macroeconomics annual 2003. MIT Press, Cambridge, MA, USA, pp. 9-18. ISBN 026207253X

Oulton, Nicholas (2004) A statistical framework for the analysis of productivity and sustainable development. CEPDP, 629. Centre for Economic Performance, London School of Economics and Political Science, London, UK

Oulton, Nicholas (2004) A statistical framework for the analysis of productivity and sustainable development. HM Treasury, London, UK

Oulton, Nicholas (2004) Investment-specific technological change and growth accounting. Bank of England working papers, 213. Bank of England, London, UK

2003

Basu, Susanto and Fernald, John G. and Oulton, Nicholas and Srinivasan, Sylaja (2003) The case of the missing productivity growth: or, does information technology explain why productivity accelerated in the US but not the UK? NBER working paper, 10010. National Bureau for Economic Research

Bakhshi, Hasan and Oulton, Nicholas and Thompson, Jamie (2003) Modelling investment when relative prices are trending: theory and evidence for the United Kingdom. Bank of England working papers, 189. Bank of England, London, UK

Oulton, Nicholas and Srinivasan, Sylaja (2003) Capital stocks, capital services, and depreciation: an integrated framework. Bank of England working papers, 192. Bank of England, London, UK

2002

Oulton, Nicholas (2002) Productivity versus welfare: or, GDP versus Weitzman's NDP. Bank of England working papers, 163. Bank of England, London, UK

Oulton, Nicholas (2002) ICT and productivity growth in the United Kingdom. Oxford review of economic policy, 18 (3). pp. 363-379. ISSN 0266-903X

2001

Hart, Peter E. and Oulton, Nicholas (2001) Galtonian regression, company age and job generation 1986-95. Scottish journal of political economy, 48 (1). pp. 82-98. ISSN 0036-9292

Oulton, Nicholas (2001) Measuring capital services in the United Kingdom. Bank of England quarterly bulletin, (Autumn). pp. 295-309. ISSN 0005-5166

Oulton, Nicholas (2001) Must the growth rate decline?: Baumol's unbalanced growth revisited. Oxford economic papers, 53 (4). pp. 605-627. ISSN 0030-7653

2000

Oulton, Nicholas (2000) Why do foreign-owned firms in the UK have higher labour productivity? In: Pain, Nigel, (ed.) Ineard investment, technological change and growth: the impact of multinational corporations on the Uk economy. Palgrave Macmillan, Basingstoke. ISBN 9780333925362

Oulton, Nicholas (2000) A tale of two cycles: closure, downsizing and productivity growth in UK manufacturing, 1973-89. National Institute economic review, 173 (1). pp. 66-79. ISSN 0027-9501

Oulton, Nicholas (2000) Must the growth rate decline?: Baumol's unbalanced growth revisited. Bank of England working papers, 107. Bank of England, London, UK

O'Mahony, Mary and Oulton, Nicholas (2000) International comparisons of labour productivity in transport and communications: the US, the UK and Germany. Journal of productivity analysis, 14 (1). pp. 7-30. ISSN 0895-562X

LSE Research Online is the primary resource for references to publications. For queries or updates please email the LSE Research Online team at lseresearchonline@lse.ac.uk|.

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