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The Local Economic Impacts of Regeneration Projects: Evidence from UK's Single Regeneration Budget

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  • Stephen Gibbons
  • Henry Overman
  • Matti Sarvimäki

Abstract

We study the local economic impacts of a major regeneration programme aimed at enhancing the quality of life of local people in deprived neighbourhoods in the UK. The analysis is based on a panel of firm and area level data available at small spatial scales. Our identification strategies involve: a) exploiting the fine spatial scale of our data to study how effects vary with distance to the intervention area; and b) comparing places close to treatment in early rounds of the programme with places close to treatment in future rounds. We consider the long run impact of schemes funded between 1995 and 1997 on outcomes up to 2009. Our estimates suggest that the programme increased workplace employment in the intervention area but this had no impact on the employment rates of local residents.

Suggested Citation

  • Stephen Gibbons & Henry Overman & Matti Sarvimäki, 2017. "The Local Economic Impacts of Regeneration Projects: Evidence from UK's Single Regeneration Budget," SERC Discussion Papers 0218, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:sercdp:0218
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    Cited by:

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    3. Ling Li & Fangzhou Xia, 2023. "City subcenter as a regional development policy: Impact on the property market," Journal of Regional Science, Wiley Blackwell, vol. 63(3), pages 643-673, June.
    4. Eppelsheimer, Johann & Jahn, Elke J. & Rust, Christoph, 2022. "The spatial decay of human capital externalities - A functional regression approach with precise geo-referenced data," Regional Science and Urban Economics, Elsevier, vol. 95(C).
    5. Chareyron, Sylvain & Goffette-Nagot, Florence & Letrouit, Lucie, 2022. "Externalities from urban renewal: Evidence from a French program," Regional Science and Urban Economics, Elsevier, vol. 95(C).
    6. Eppelsheimer, Johann & Rust, Christoph, 2020. "The Spatial Decay of Human Capital Externalities - A Functional Regression Approach with Precise Geo-Referenced Data," IAB-Discussion Paper 202021, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    7. Juanfeng Zhang & Danxia Zhang & Lele Li & Hui Zeng, 2020. "Regional impact and spillover effect of public infrastructure investment: An empirical study in the Yangtze River Delta, China," Growth and Change, Wiley Blackwell, vol. 51(4), pages 1749-1765, December.

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    More about this item

    Keywords

    single regeneration budget; regeneration; employment; neighbourhoods; urban policy;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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