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Public Enterprise in Practice: The British Experience of Nationalisation during the Past Decade

  • Richard Pryke
Part of the International Economic Association Series book series (IEA)

Abstract

Public corporations and their subsidiaries now account for some 131/2 per cent of the UK’s gross domestic product. Several of the undertakings have only recently been transferred to the public sector (shipbuilding, airframe manufacture, British Leyland and water), and others are too small to warrant attention. This paper will discuss the performance of electricity, telephones, coal, British Rail and the other major nationalised industries which appear in Table 12.1. They contribute about 91/2 per cent of the GDP, whereas companies and unincorporated businesses are responsible for 61 per cent.

Keywords

Labour Productivity Total Factor Productivity High Speed Train Postal Service Staff Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Economic Association 1980

Authors and Affiliations

  • Richard Pryke
    • 1
  1. 1.University of LiverpoolUK

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