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Aggregate demand and aggregate supply in UK regions

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Author Info

  • Michael Funke
  • Stephen Hall

Abstract

UK 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 Info

Article provided by Emerald Group Publishing in its journal Journal of Economic Studies.

Volume (Year): 25 (1998)
Issue (Month): 4 (September)
Pages: 260-276

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Handle: RePEc:eme:jespps:v:25:y:1998:i:4:p:260-276

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Related research

Keywords: Macroeconomics; Models; Regional development; Time series analysis;

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Cited by:
  1. Fielding, David & Shields, Kalvinder, 2003. "A nation divided? Price and output dynamics in English regions," Economic Modelling, Elsevier, vol. 20(3), pages 651-677, May.
  2. Fielding, David & Lee, Kevin & Shields, Kalvinder, 2004. "The Characteristics of Macroeconomic Shocks in the CFA Franc Zone," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).

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