Structural Change under New Labour
AbstractThe paper examines specific features of structural change in the UK since 1997, contrasting the decline in industrial jobs with the rise in a variety of service jobs. It examines the proximate causes of structural change, in particular whether the chronically slow growth of manufacturing output in the 1980s has persisted. The implications of this structural change are considered, particularly the effects on the balance of payments and regional employment patterns. The paper suggests that the main impact of government policies on regional employment may have been through the direct and multiplier effects of public expenditure.
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Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0721.
Date of creation: May 2007
Date of revision:
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Web page: http://www.econ.cam.ac.uk/index.htm
structural change; deindustrialisation; balance of payments; regional employment; New Labour economic policies.;
Other versions of this item:
- Ken Coutts & Andrew Glyn & Bob Rowthorn, 2007. "Structural change under New Labour," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 31(6), pages 845-861, November.
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
- R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-05-19 (All new papers)
- NEP-GEO-2007-05-19 (Economic Geography)
- NEP-MAC-2007-05-19 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Singh, Ajit, 1977. "UK Industry and the World Economy: A Case of De-industrialisation?," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 1(2), pages 113-36, June.
- Robert Rowthorn, 2005. "Combined and Uneven Development: Reflections on the North-South Divide," ESRC Centre for Business Research - Working Papers, ESRC Centre for Business Research wp305, ESRC Centre for Business Research.
- Erdem, Esra & Glyn, Andrew, 2001. " Job Deficits in UK Regions," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 63(0), pages 737-52, Special I.
- Ken Coutts & Bob Rowthorn, 2009. "Prospects for the UK Balance of Payments," ESRC Centre for Business Research - Working Papers, ESRC Centre for Business Research wp394, ESRC Centre for Business Research.
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