Picture of a sphere with binary code

Making Strathclyde research discoverable to the world...

The Strathprints institutional repository is a digital archive of University of Strathclyde research outputs. It exposes Strathclyde's world leading Open Access research to many of the world's leading resource discovery tools, and from there onto the screens of researchers around the world.

Explore Strathclyde Open Access research content

Regional policy spillovers : the national impact of demand-side policy in an interregional model of the UK economy

Gilmartin, M. and Learmonth, D. and Swales, J.K. and McGregor, P.G. and Turner, K. (2013) Regional policy spillovers : the national impact of demand-side policy in an interregional model of the UK economy. Environment and Planning A, 45 (4). 814 – 834. ISSN 0308-518X

[img] PDF (strathprints007267.pdf)
strathprints007267.pdf

Download (467kB)

Abstract

UK regional policy has been advocated as a means of reducing regional disparities and stimulating national growth. However, there is limited understanding of the interregional and national effects of such a policy. This paper uses an interregional computable general equilibrium model to identify the national impact of a policy-induced regional demand shock under alternative labour market closures. Our simulation results suggest that regional policy operating solely on the demand side has significant national impacts. Furthermore, the effects on the nontarget region are particularly sensitive to the treatment of the regional labour market.