Regional Policy Spillovers

Michelle Gilmartin, David Learmonth, Peter McGregor, Kim Swales

Research output: Working paperDiscussion paper

Abstract

UK 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.
LanguageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Pages1-57
Number of pages58
Volume11
Publication statusPublished - 2011

Fingerprint

Spillover
Regional policy
Simulation
Labour market
Demand shocks
Regional labour markets
Regional disparities
Computable general equilibrium model
Closure

Keywords

  • regional CGE modelling
  • migration
  • regional development policy

Cite this

Gilmartin, M., Learmonth, D., McGregor, P., & Swales, K. (2011). Regional Policy Spillovers. (28 ed.) (pp. 1-57). Glasgow: University of Strathclyde.
Gilmartin, Michelle ; Learmonth, David ; McGregor, Peter ; Swales, Kim. / Regional Policy Spillovers. 28. ed. Glasgow : University of Strathclyde, 2011. pp. 1-57
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Gilmartin, M, Learmonth, D, McGregor, P & Swales, K 2011 'Regional Policy Spillovers' 28 edn, University of Strathclyde, Glasgow, pp. 1-57.

Regional Policy Spillovers. / Gilmartin, Michelle; Learmonth, David; McGregor, Peter; Swales, Kim.

28. ed. Glasgow : University of Strathclyde, 2011. p. 1-57.

Research output: Working paperDiscussion paper

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N2 - UK 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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Gilmartin M, Learmonth D, McGregor P, Swales K. Regional Policy Spillovers. 28 ed. Glasgow: University of Strathclyde. 2011, p. 1-57.