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Urban renewal and regional growth: muddled objectives and mixed progress

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  • Overman, Henry G.

Abstract

Since 1997, the Labour government has spent considerable sums trying to narrow the gap between poor areas - neighbourhoods, cities and regions - and the rest. The latest CEP Election Analysis from the Centre for Economic Performance (CEP) considers the evidence on the effects of some of these policy initiatives, with a focus on the role of 'area-based initiatives', which try to improve outcomes in particular areas. According to author Professor Henry Overman, the evidence suggests that progress against objectives has been mixed. This is unsurprising: the economic processes that drive differences across cities and regions of the UK are poorly understood and what evidence we do have has played little part in the formulation of policy. As a result, there is confusion about what urban and regional policy could and should try to achieve - and the parties' positions tend to be based on belief rather than evidence.

Suggested Citation

  • Overman, Henry G., 2010. "Urban renewal and regional growth: muddled objectives and mixed progress," LSE Research Online Documents on Economics 58012, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:58012
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    File URL: http://eprints.lse.ac.uk/58012/
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    References listed on IDEAS

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    1. Paul C. Cheshire & Christian A. L. Hilber, 2008. "Office Space Supply Restrictions in Britain: The Political Economy of Market Revenge," Economic Journal, Royal Economic Society, vol. 118(529), pages 185-221, June.
    2. Matias Busso & Jesse Gregory & Patrick Kline, 2013. "Assessing the Incidence and Efficiency of a Prominent Place Based Policy," American Economic Review, American Economic Association, vol. 103(2), pages 897-947, April.
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    Cited by:

    1. Robert Rowthorn, 2010. "Combined and Uneven Development: Reflections on the North–South Divide," Spatial Economic Analysis, Taylor & Francis Journals, vol. 5(4), pages 363-388.
    2. Andy Pike & Andrés Rodríguez-Pose & John Tomaney & Gianpiero Torrisi & Vassilis Tselios, 2012. "In Search of the ‘Economic Dividend’ of Devolution: Spatial Disparities, Spatial Economic Policy, and Decentralisation in the UK," Environment and Planning C, , vol. 30(1), pages 10-28, February.
    3. Corry, Dan & Valero, Anna & Van Reenen, John, 2011. "UK economic performance since 1997: growth, productivity and jobs," LSE Research Online Documents on Economics 47521, London School of Economics and Political Science, LSE Library.

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    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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