Aggregate demand and aggregate supply in UK regions
AbstractUK regional data on GDP and the GDP deflator are analysed to extract information on underlying demand and supply shocks as well as aggregate demand and supply shocks. Identification is achieved using long run restrictions, based on a theoretical model. The main results are that the supply shocks are almost completely symmetric across UK regions and that there is no evidence of these shocks being propagated slowly across the regions.
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Bibliographic InfoArticle provided by Emerald Group Publishing in its journal Journal of Economic Studies.
Volume (Year): 25 (1998)
Issue (Month): 4 (September)
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Web page: http://www.emeraldinsight.com
Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
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- Fielding, David & Shields, Kalvinder, 2003.
"A nation divided? Price and output dynamics in English regions,"
Elsevier, vol. 20(3), pages 651-677, May.
- David Fielding & Kalvinder Shields, 2001. "A Nation Divided? Price and Output Dynamics in English Regions," Discussion Papers in Economics 01/6, Department of Economics, University of Leicester.
- Fielding, David & Lee, Kevin & Shields, Kalvinder, 2004.
"The Characteristics of Macroeconomic Shocks in the CFA Franc Zone,"
UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- David Fielding & Kevin Lee & Kalvinder Shields, 2004. "The Characteristics of Macroeconomic Shocks in the CFA Franc Zone," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 13(4), pages 488-517, December.
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