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Structural Change under New Labour

Author

Listed:
  • Coutts, K.
  • Glyn, A.
  • Rowthorn, B.

Abstract

The 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.

Suggested Citation

  • Coutts, K. & Glyn, A. & Rowthorn, B., 2007. "Structural Change under New Labour," Cambridge Working Papers in Economics 0721, Faculty of Economics, University of Cambridge.
    • Handle: RePEc:cam:camdae:0721
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    File URL: http://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe0721.pdf
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    References listed on IDEAS

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    1. repec:bla:obuest:v:63:y:2001:i:0:p:737-52 is not listed on IDEAS
    2. Robert Rowthorn, 2005. "Combined and Uneven Development: Reflections on the North-South Divide," Working Papers wp305, Centre for Business Research, University of Cambridge.
    3. Singh, Ajit, 1977. "UK Industry and the World Economy: A Case of De-industrialisation?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 1(2), pages 113-136, June.
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    Cited by:

    1. N. N. Mikheeva, 2023. "Spatial Structure and Directions of Modernization of the Russian Economy," Regional Research of Russia, Springer, vol. 13(1), pages 101-128, March.
    2. Andrea Ascani & Simona Iammarino, 2018. "Multinational enterprises, service outsourcing and regional structural change," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(6), pages 1585-1611.
    3. Ken Coutts & Bob Rowthorn, 2009. "Prospects for the UK Balance of Payments," Working Papers wp394, Centre for Business Research, University of Cambridge.
    4. Michelle C. Baddeley, 2008. "Structural Shifts In Uk Unemployment 1979–2005: The Twin Impacts Of Financial Deregulation And Computerization," Bulletin of Economic Research, Wiley Blackwell, vol. 60(2), pages 123-157, April.

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    More about this item

    Keywords

    structural change; deindustrialisation; balance of payments; regional employment; New Labour economic policies.;
    All these keywords.

    JEL classification:

    • 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

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