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Josh Martin

@joshmartinecon.bsky.social
188 followers 105 following 71 posts

Economic Adviser at Bank of England. Current PhD at King's College London. Previously ONS. Interests: Productivity, intangibles, capital, stats. Member of ESCoE, The Productivity Institute. Only personal views.

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Reposted by Josh Martin
ESCoE @escoeorg.bsky.social · 07/11/2025
What kinds of careers can you build in and around research, and how do you get started? Career stories from ESCoE researchers and staff members. @joshmartinecon.bsky.social @stuartgmcintyre.bsky.social
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Reposted by Josh Martin
ESCoE @escoeorg.bsky.social · 16/10/2025
Ahead of his presentation @productivity.bsky.social's recent conference @manchester.ac.uk, we spoke to @joshmartinecon.bsky.social about his new work with Cliodhna Taylor (ONS) on labour productivity estimates with more industry detail. Full video: tinyurl.com/mw53uhpa @kingsbschool.bsky.social
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Josh Martin @joshmartinecon.bsky.social · 09/10/2025
New #productivity data - we build labour productivity estimates for over 180 industries in the UK, more than doubling the detail available from official stats. #econsky Paper with @escoeorg.bsky.social - www.escoe.ac.uk/publications... Blog - www.escoe.ac.uk/uk-labour-pr...
escoe.ac.uk
UK labour productivity estimates for 184 industries - ESCoE
New research from ESCoE and The Productivity Institute produces UK productivity estimates for 184 industries.
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Reposted by Josh Martin
ESCoE @escoeorg.bsky.social · 08/10/2025
How can we measure productivity across the economy in greater detail? In this blog, ESCoE PhD student @joshmartinecon.bsky.social reflects on a new technical report with ESCoE & @productivity.bsky.social's Data Lab, co-authored with ONS's Cliodhna Taylor: tinyurl.com/yc5zecat
tinyurl.com
UK labour productivity estimates for 184 industries - ESCoE
New research from ESCoE and The Productivity Institute produces UK productivity estimates for 184 industries.
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Reposted by Josh Martin
ESCoE @escoeorg.bsky.social · 07/10/2025
The programme is now out and includes ESCoE's @joshmartinecon.bsky.social and @yannisgalanakis.bsky.social, with a keynote from @imperialcollegeldn.bsky.social's Jonathan Haskel: tinyurl.com/7st5fv73 @jschneebacher.bsky.social @durham.ac.uk
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Josh Martin @joshmartinecon.bsky.social · 24/09/2025
Pleased to have this paper out, which documents an application to the UK of the Bernanke-Blanchard model of wages, inflation and expectations. This is the UK work that feeds into the Bernanke & Blanchard cross-country paper. Insights on recent UK inflation and associated data #econsky
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Josh Martin @joshmartinecon.bsky.social · 04/09/2025
Finally a very interesting presentation from @domignon.bsky.social on the impact of mental health inequalities within regions on productivity levels. More unequal MH is associated with lower productivity (and in previous work they have that lower average MH is also assoc with lower productivity).
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Josh Martin @joshmartinecon.bsky.social · 04/09/2025
Next research by Jun Du on the differential impact of training for staff and managers (both coverage and intensity) on productivity. Positive effects across the board, but intensity matters more. Lots of discussion about recent trends in online training and current attitudes - some worries!
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Josh Martin @joshmartinecon.bsky.social · 04/09/2025
Session in skills, training snd health at @productivity.bsky.social conference, presentation by @duranvj.bsky.social on the role on training on productivity across European countries. Training has a positive but small direct effect, but a large interaction effect with other intangibles.
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Josh Martin @joshmartinecon.bsky.social · 04/09/2025
Session in skills, training snd health at @productivity.bsky.social conference, presentation by @duranvj.bsky.social on the role on training on productivity across European countries. Training has a positive but small direct effect, but a large interaction effect with other intangibles.
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Josh Martin @joshmartinecon.bsky.social · 04/09/2025
Session on knowledge capital at @productivity.bsky.social Productivity Research Conference, Matthias Schief (@oecd-ocde.bsky.social) presents work on the impact of AI on productivity, using a task-based analysis. Wide range of effects across different industries, and GE effects between industries.
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Reposted by Josh Martin
The Productivity Institute @productivity.bsky.social · 04/09/2025
"We need to be better at factoring natural capital and the environment into our measurement of productivity" - @joshmartinecon.bsky.social during the panel session at the Productivity Research Conference. Read his TPI blog "Greening productivity measurement": www.productivity.ac.uk/news/greenin...
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Josh Martin @joshmartinecon.bsky.social · 04/09/2025
Next, Marius Fourné (Halle) explores the spillover effects of climate policies in production networks. Using inter-country input-output data, and country climate policy measures, he finds significant impacts of foreign climate policies on domestic industry outcomes. Very neat! #econsky
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Josh Martin @joshmartinecon.bsky.social · 04/09/2025
Next @robertinklaar.bsky.social presents exploratory work on occupational specialisation and outsourcing on productivity growth across industries in European countries. Productivity growth has been stronger in industries more intensive in management and R&D type jobs.
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Josh Martin @joshmartinecon.bsky.social · 04/09/2025
Session on productivity and macroeconomics at @productivity.bsky.social conference - Issam Samiri develops a model of labour supply in cities, accounting for commuting, with implications for the distribution of workers and productivity. #econsky
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Reposted by Josh Martin
ESCoE @escoeorg.bsky.social · 04/09/2025
Is the productivity puzzle still a puzzle? 🧩 The opening panel session at @productivity.bsky.social's conference featured ESCoE Advisory Board member @bartvanark.bsky.social, Research Associate Mary O’Mahony and PhD student @joshmartinecon.bsky.social.
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Josh Martin @joshmartinecon.bsky.social · 04/09/2025
About to get going at the @productivity.bsky.social Productivity Research Conference 2025. Two days of discussions on all things #productivity coming up.
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Reposted by Josh Martin
ESCoE @escoeorg.bsky.social · 03/07/2025
An interesting issue on the UK productivity puzzle, including an article by @joshmartinecon.bsky.social (@bankofengland.bsky.social and ESCoE/ @kingscollegelondon.bsky.social PhD student). @productivity.bsky.social
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Reposted by Josh Martin
Bart van Ark @bartvanark.bsky.social · 02/07/2025
Some good summer reading! A new issue of the #InternationalProductivityMonitor (Spring 2025) with a Symposium of articles on the UK #productivitypuzzle. www.linkedin.com/pulse/sympos... Also a great article on #AI impacts on productivity by OECD. CSLS and @productivity.bsky.social
linkedin.com
Symposium on the UK Productivity Puzzle: Insights from Data, Regions and Sectors
The latest issue of the #InternationalProductivityMonitor features a symposium of four insightful and timely contributions addressing the UK productivity puzzle—assuming, of course, that one still con...
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Reposted by Josh Martin
LunchBreakInTheBookies @lunchinthebookies.bsky.social · 14/06/2025
I worked in government statistics for some years, including a spell in ONS, and there are a few things to say here.
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Josh Martin @joshmartinecon.bsky.social · 23/05/2025
Final day of @escoeorg.bsky.social conference on economic measurement being kicked off by Sébastien Roux. He describes work by @insee.fr to develop augmented national accounts statistics, incorporating environmental factors by treating emissions as a production input. #EconStats2025
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Josh Martin @joshmartinecon.bsky.social · 22/05/2025
Finally @kevinfoxecon.bsky.social presents on a nonparametric estimation of mark-ups (not imposing a functional form, but drawing on past input-output observations to infer feasible production technologies). Decomposition of markup change into technology, input and output prices, and (in)efficiency.
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Josh Martin @joshmartinecon.bsky.social · 22/05/2025
Tommaso Bighelli (@bankofengland.bsky.social) looks at the effects on incumbents when competitors engage in M&A using German firm-level data. Outside firms expand their product range, especially in highly concentrated markets. #EconStats2025
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Josh Martin @joshmartinecon.bsky.social · 22/05/2025
Session on productivity at @escoeorg.bsky.social conference #EconStats2025 - @emarvasi.bsky.social explores the nexus between intangible capital, market power, & productivity. Accounting for intangibles important for estimating mark-ups - they are lower and flatter, esp for US intan-intensive inds.
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Josh Martin @joshmartinecon.bsky.social · 22/05/2025
Fantastic work by @sophie-piton.bsky.social and co-authors investigating measurement of trade in banking services. Measurement of implicit income is challenging, but finds effect of Brexit once looking at stocks of loans and deposits rather than FISIM. #EconStats2025
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Josh Martin @joshmartinecon.bsky.social · 22/05/2025
Now at ESCoE conference #EconStats2025, a panel discussion on trade and productivity with a range of speakers. Trade a topic of renewed interest, and productivity always important! Traders are more productive than non-traders, but much of that is selection effects.
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Josh Martin @joshmartinecon.bsky.social · 22/05/2025
Richard explores productivity implications of declining dynamism and the productivity slowdown. Contrasts diffusion with dynamism (with aid of sharks!) Lower responsiveness of firms to productivity shocks, failing to scale up, could depress dynamism and growth. #EconStats2025
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Josh Martin @joshmartinecon.bsky.social · 22/05/2025
Diane notes that the decline in dynamism and productivity growth are global, so global explanations needed. Complexity of production methods and global production methods could inhibit dynamism, startups, scaleups. Some better measurement needed! #EconStats2025
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Josh Martin @joshmartinecon.bsky.social · 22/05/2025
Jakob sets the scene: competition has declined, though measurement is tricky, & probably less in the UK than US. Not clear that increase in market power is driver of reduced business dynamism. Market power has not increased in UK labour market overall, though regional variation. #EconStats2025
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Josh Martin @joshmartinecon.bsky.social · 22/05/2025
Day 2 of the @escoeorg.bsky.social conference on economic measurement, kicking off with a panel on competition, dynamism and growth with @jschneebacher.bsky.social, @dianecoyle1859.bsky.social, @richarddavies.bsky.social and @teraallas.bsky.social. #EconStats2025
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Josh Martin @joshmartinecon.bsky.social · 21/05/2025
Finally @joelkariel.bsky.social presents new work on multi-establishment firms (MEFs), exploring their scale, span and scope. These MEFs are rare but large and important, though decreasingly so since 2010. Business dynamism fallen amongst MEFs, driving aggregate fall. #EconStats2025
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Josh Martin @joshmartinecon.bsky.social · 21/05/2025
Carol Corrado describes the Global Intan-Invest project (LUISS and @wipo.int) expanding intangible investment estimates to other countries and generating quarterly estimates. Intangible investment grown more than tangibles since 2019 in major economies.
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Josh Martin @joshmartinecon.bsky.social · 21/05/2025
Next session at @escoeorg.bsky.social conference on productivity. Paper from @aaronputseys.bsky.social using a novel firm-to-firm transactions dataset to measure intangible investments, and exploring the J-curve-type mismeasurement of TFP at the firm level. Very interesting. #EconStats2025
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Josh Martin @joshmartinecon.bsky.social · 21/05/2025
Now at #EconStats2025 ESCoE conference, a panel session on the relevance to GDP in the modern economy. Featuring Richard Heys (ONS), @dianecoyle1859.bsky.social and @chrisgiles.ft.com. United dislike for the famous Robert Kennedy quote, but divided views on the ongoing merits of GDP.
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Josh Martin @joshmartinecon.bsky.social · 21/05/2025
Finally @stuartgmcintyre.bsky.social presents preliminary work on measuring regional resilience to economic shocks. Finding measures for resistance, recovery, renewal and reorientation.
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Josh Martin @joshmartinecon.bsky.social · 21/05/2025
Next up, Michel Serafinelli (@KingsCollegeLondon.bsky.social) explores the impact on employment of local labour markets from the decline in coal jobs. While many affected areas saw declines, some saw growth. Proximity to universities supported the affected areas.
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Josh Martin @joshmartinecon.bsky.social · 21/05/2025
At @escoeorg.bsky.social conference #EconStats2025, I was pleased to kick off a session on labour markets. In joint work with @benbgeiger.bsky.social I explored the role of proxy responses on the UK LFS for trends in inactivity and sickness. Proxy responses are prevalent, but trends broadly robust.
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Josh Martin @joshmartinecon.bsky.social · 21/05/2025
Carol Propper (@imperialcollegeldn.bsky.social) gives the first plenary on the effect of 2010s pension reforms on doctor labour supply in the UK. Exploits a staggered roll out, and finds that labour supply increased through fewer exits, and no response on intensive margin. #EconStats2025
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Josh Martin @joshmartinecon.bsky.social · 21/05/2025
Excited for this year's ESCoE annual conference on economic measurement! @escoeorg.bsky.social Three days of great research and discussion kicking off now. Rebecca Riley opens the conference, noting that recent challenges demonstrate the demand for statistics, and the opportunities ahead of us.
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Josh Martin @joshmartinecon.bsky.social · 29/04/2025
Today I'm at the Earnings Symposium organised by ONS, @escoeorg.bsky.social, ADR UK and @wagedynamics.bsky.social First presentations by ONS staff on the various data sources on wages - AWE, ASHE and PAYE RTI. Later sessions on applications with the data, including me on firm-level wage dynamics.
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Josh Martin @joshmartinecon.bsky.social · 16/04/2025
Jonathan Haskel announced as the new Chair of the Stakeholder Advisory Panel on Consumer Price Statistics for the UK Statistics Authority. Great appointment! uksa.statisticsauthority.gov.uk/news/announc...
uksa.statisticsauthority.gov.uk
Announcing the new Chair of the National Statistician’s Advisory Panel on Consumer Price Statistics (Stakeholder)
The UK Statistics Authority has today announced that Professor Jonathan Haskel has been appointed as the new chair of the National Statistician’s Advisory Panel on Consumer Price Statistics. Jonathan...
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Reposted by Josh Martin
Sophie P. @sophie-piton.bsky.social · 26/03/2025
The call for papers for the workshop on "Firm Dynamics, Market Structures and Productivity in the Macroeconomy" closes on 14 April! This year's edition is co-organised by @qmul.ac.uk, @boeresearch.bsky.social, @bristoluni.bsky.social and @kent.ac.uk. Details: sophiepiton.com/papers/2025_...
sophiepiton.com
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Josh Martin @joshmartinecon.bsky.social · 06/02/2025
Sounds like a great project Henry. I'd be glad to discuss geographic breakdown of capital (investment and stocks) as I'm working a little in this area myself. You may find useful: www.productivity.ac.uk/research/new...
productivity.ac.uk
New insights on regional capital investment in the UK - 1997 to 2019 - The Productivity Institute
Exploring new data from the Office for National Statistics about the capital investment done in different parts of the UK.
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Josh Martin @joshmartinecon.bsky.social · 30/01/2025
Recommend doing this on a post-GFC average - bonuses dropped a lot vs pre-GFC. See also: www.google.com/amp/s/bankun...
google.com
Redirect Notice
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Josh Martin @joshmartinecon.bsky.social · 27/01/2025
Josh Robson (ScaleUp Institute) talks about the policy landscape around scale-up firms (high growth firms) - a small number of firms who contribute disproportionately. Some fascinating analysis!
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Josh Martin @joshmartinecon.bsky.social · 27/01/2025
Bridget Kauma (@sussexuni.bsky.social) presents work on #productivity across firms in the UK and France. Contrasting micro and macro methods in analysis of density and productivity - weighting matters! Density boosts productivity, but other factors matter more in explaining high prod in London.
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Josh Martin @joshmartinecon.bsky.social · 27/01/2025
This evening I'm at the @productivity.bsky.social and @escoeorg.bsky.social and RES event on firm-level productivity in the UK, as part of #NationalProductivityWeek. Will we "unlock productivity" as the title threatens?! (Think we'd need a little more than 2 hours...)
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Josh Martin @joshmartinecon.bsky.social · 06/12/2024
Those are pretty different trend line approaches right? If you plot a trend line through US up to 2007 then clearly there is some slowdown (though perhaps smaller than others). I think the literature broadly agrees that everywhere has slowed, incl the US, albeit to somewhat different degrees.
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Josh Martin @joshmartinecon.bsky.social · 05/12/2024
Some questions: Are there zombie firms? Maybe, but either way there are benefits from unlocking talent from low productivity firms. How targetted should policy interventions be, given scale of the problem?
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Josh Martin @joshmartinecon.bsky.social · 05/12/2024
@joshdelyon.bsky.social - two biggest issues for UK productivity are investment and dynamism. Firms less responsive (growing/shrinking) to productivity shocks post-GFC. Opportunity to promote intangible investment inc training with tax credits.
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