Regional Policy Spillovers: The National Impact of Demand-Side Policy in an Interregional Model of the UK Economy
AbstractUK 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 non-target region are particularly sensitive to the treatment of the regional labour market.
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Bibliographic InfoPaper provided by University of Strathclyde Business School, Department of Economics in its series Working Papers with number 1128.
Length: 58 pages
Date of creation: Jul 2011
Date of revision:
Publication status: Published
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More information through EDIRC
regional CGE modelling; migration; regional development policy;
Other versions of this item:
- Michelle Gilmartin & David Learmouth & J Kim Swales & Peter McGregor & Karen Turner, 2013. "Regional policy spillovers: the national impact of demand-side policy in an interregional model of the UK economy," Environment and Planning A, Pion Ltd, London, vol. 45(4), pages 814-834, April.
- Gilmartin, Michelle & Learmonth, David & McGregor, Peter G & Swales, J Kim & Turner, Karen, 2011. "Regional Policy Spillovers: The National Impact of Demand-Side Policy in an Interregional Model of the UK Economy," Stirling Economics Discussion Papers 2011-46, University of Stirling, Division of Economics.
- Gilmartin, Michelle & Learmonth, David & McGregor, Peter & Swales, Kim & Turner, Karen, 2011. "Regional Policy Spillovers: The National Impact of Demand-Side Policy in an Interregional Model of the UK Economy," SIRE Discussion Papers 2011-46, Scottish Institute for Research in Economics (SIRE).
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-08-15 (All new papers)
- NEP-CMP-2011-08-15 (Computational Economics)
- NEP-GEO-2011-08-15 (Economic Geography)
- NEP-URE-2011-08-15 (Urban & Real Estate Economics)
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.:
- Manning, Neil, 1994. "Earnings, Unemployment and Contiguity: Evidence from British Counties 1976-1992," Scottish Journal of Political Economy, Scottish Economic Society, vol. 41(1), pages 43-68, February.
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