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 (https://doi.org/10.1068/a44355)

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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.

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• Item metadata

  Item type:	Article
  ID code:	40747
  Dates:	Date Event 2013 Published
  Subjects:	Social Sciences > Commerce
  Department:	Strathclyde Business School > Economics Strathclyde Business School > Fraser of Allander Institute
  Depositing user:	Pure Administrator
  Date deposited:	06 Aug 2012 14:56
  Last modified:	08 Apr 2024 20:04
  URI:	https://strathprints.strath.ac.uk/id/eprint/40747