Oulton, Nicholas

Mr Nicholas Oulton  

Department

Position held

Associate - Productivity and Innovation

 

Non LSE positions held

University College London

Visiting Professor

 

Experience keywords:

ICT; productivity; 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 Culture; Financial Services; Information Technology; Public Administration

Languages:

French [Spoken: Intermediate, Written: Fluent]

Media experience:

Radio; TV

Contact Points

LSE phone number:

+44 (0)20 7955 7284

LSE email:

n.oulton@lse.ac.uk

Publications

2017

Oulton, Nicholas and Sebastiá-Barriel, María (2017) Effects of financial crises on productivity, capital and employment Review of Income and Wealth. ISSN 0034-6586

2016

Oulton, Nicholas and Wallis, Gavin (2016) Capital stocks and capital services: integrated and consistent estimates for the United Kingdom, 1950–2013 Economic Modelling, 54. 117-125. ISSN 0264-9993

2015

Oulton, Nicholas (2015) Understanding the space–time (in)consistency of the national accounts Economics Letters, 132. 21-23. ISSN 0165-1765

Oulton, Nicholas and Wallis, Gavin (2015) Integrated estimates of capital stocks and services for the United Kingdom: 1950-2013 CEP Discussion Papers, CEPDP1342. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

Oulton, Nicholas (2015) Space-time (in)consistency in the national accounts:causes and cures CEP Discussion Papers, CEPDP1349. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

2013

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, 224 (1). R59-R65. ISSN 0027-9501

Oulton, Nicholas (2013) Medium and long run prospects for UK growth in the aftermathof the financial crisis CFM discussion paper series, CFM-DP2013-7. Centre For Macroeconomics, 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 occasional papers, CEPOP33. 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 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) Medium and long run prospects for UK growth in the aftermath of the financial crisis CEP Occasional Papers, CEPOP37. The London School of Economics and Political Science, Center of Economic Performance, London, UK.

2012

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, 307-336. ISBN 9780857932099

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

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). 244-246. ISSN 0165-1765

Oulton, Nicholas (2012) Hooray for GDP! Centre for Economic Performance occasional papers, CEPOP30. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

Oulton, Nicholas (2012) How to measure living standards and productivity Review of Income and Wealth, 58 (3). 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). 1722-1736. ISSN 0264-9993

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

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

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. The international library of critical writings in economics. 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.

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). 101-124. ISSN 0336-1454

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.

2008

Oulton, Nicholas (2008) How to measure the rising cost of living Centrepiece, 13 (2). 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). 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). 295-317. ISSN 0034-6586

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

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. ISBN 9780853281795

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. ISBN 9780853281733

2005

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. ISBN 0753018640

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. ISBN 0753018780

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.

2004

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. NBER macroeconomics annual (2003). MIT Press, Cambridge, MA, USA, 9-18. ISBN 026207253X

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

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. ISBN 0753017547

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

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

2003

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.

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.

2002

Oulton, Nicholas (2002) ICT and productivity growth in the United Kingdom Oxford Review of Economic Policy, 18 (3). 363-379. ISSN 0266-903X

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

2001

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

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

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

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) 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). 7-30. ISSN 0895-562X

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

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