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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

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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.

    Item type: Article
    ID code: 40747
    Keywords: regional policy, computable general equilibrium model, labour market, income, regional CGE modelling, migration, regional development policy, Commerce, Accounting
    Subjects: Social Sciences > Commerce
    Department: Strathclyde Business School > Economics
    Strathclyde Business School > Fraser of Allander Institute
    Related URLs:
      Depositing user: Pure Administrator
      Date Deposited: 06 Aug 2012 15:56
      Last modified: 05 Sep 2014 18:34
      URI: http://strathprints.strath.ac.uk/id/eprint/40747

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