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Regional diversification into green and digital economic activities – The case of UK Local Authorities

Author

Listed:
  • Cicerone, Gloria
  • Losacker, Sebastian
  • Ortega-Argilés, Raquel

Abstract

Regions are currently facing a twin transition, involving a shift towards more environmentally friendly economies as well as the digitalization of economic activities. Against this backdrop, this paper examines the geography of green, digital, and twin economic activities in the UK, utilizing a novel dataset that captures these emerging sectors through a real-time industrial classification of firms. Additionally, the paper employs a relatedness approach to analyse local capabilities in the twin domain. The results underscore the crucial role of twin activities, encompassing both green and digital elements, in facilitating regional diversification into these respective sectors.

Suggested Citation

  • Cicerone, Gloria & Losacker, Sebastian & Ortega-Argilés, Raquel, 2024. "Regional diversification into green and digital economic activities – The case of UK Local Authorities," Discussion Papers escoe-dp-2024-07, Economic Statistics Centre of Excellence.
    • Handle: RePEc:eoe:escoed:escoe-dp-2024-07
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    Keywords

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    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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