The Scottish economy [April 1977]

Alan A. Carruth; Michael W. Danson; John Duignan; M. E. Glassford; Frank X. Kirwan; David R. F. Simpson; Alison A. Wingfield; Fraser of Allander Institute

The Scottish economy [April 1977]

Alan A. Carruth, Michael W. Danson, John Duignan, M. E. Glassford, Frank X. Kirwan, David R. F. Simpson, Alison A. Wingfield, Fraser of Allander Institute

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Abstract

The Scottish economy is between recession and recovery. If one were to judge the future only by prospective aggregate demand, then the outlook would be one of prolonged stagnation. Certainly, the slow growth which is foreseen for world trade is
bound to keep order books low for many of Scotland's traditional export industries. Whatever the outcome of the negotiations concerning the next state of incomes policy, even if there is no agreed policy at all, it is difficult to foresee any rapid
expansion of the UK market. While particular groups may benefit from the absence of an incomes policy, the government will feel bound to contain the overall growth of domestic demand. Further analysis of Scotland's current economic health is provided, as too is some consideration of Scotland's potential for entrepreneurial activity.

Original language	English
Pages (from-to)	6-34
Number of pages	29
Journal	Quarterly Economic Commentary
Volume	2
Issue number	4
Publication status	Published - Apr 1977

Keywords

Scottish economic trends
unemployment patterns
UK economic conditions
industrial performance
entrepreneurial behaviour
Scotland
labour market conditions

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Cite this

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title = "The Scottish economy [April 1977]",

abstract = "The Scottish economy is between recession and recovery. If one were to judge the future only by prospective aggregate demand, then the outlook would be one of prolonged stagnation. Certainly, the slow growth which is foreseen for world trade isbound to keep order books low for many of Scotland's traditional export industries. Whatever the outcome of the negotiations concerning the next state of incomes policy, even if there is no agreed policy at all, it is difficult to foresee any rapidexpansion of the UK market. While particular groups may benefit from the absence of an incomes policy, the government will feel bound to contain the overall growth of domestic demand. Further analysis of Scotland's current economic health is provided, as too is some consideration of Scotland's potential for entrepreneurial activity.",

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year = "1977",

month = apr,

language = "English",

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journal = "Quarterly Economic Commentary",

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T1 - The Scottish economy [April 1977]

AU - Bell, David N. F.

AU - Carruth, Alan A.

AU - Danson, Michael W.

AU - Duignan, John

AU - Glassford, M. E.

AU - Kirwan, Frank X.

AU - Simpson, David R. F.

AU - Wingfield, Alison A.

AU - Fraser of Allander Institute

PY - 1977/4

Y1 - 1977/4

N2 - The Scottish economy is between recession and recovery. If one were to judge the future only by prospective aggregate demand, then the outlook would be one of prolonged stagnation. Certainly, the slow growth which is foreseen for world trade isbound to keep order books low for many of Scotland's traditional export industries. Whatever the outcome of the negotiations concerning the next state of incomes policy, even if there is no agreed policy at all, it is difficult to foresee any rapidexpansion of the UK market. While particular groups may benefit from the absence of an incomes policy, the government will feel bound to contain the overall growth of domestic demand. Further analysis of Scotland's current economic health is provided, as too is some consideration of Scotland's potential for entrepreneurial activity.

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KW - unemployment patterns

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KW - industrial performance

KW - entrepreneurial behaviour

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KW - labour market conditions

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UR - http://www.strath.ac.uk/fraser/

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SP - 6

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JO - Quarterly Economic Commentary

JF - Quarterly Economic Commentary

IS - 4

ER -

The Scottish economy [April 1977]

Abstract

Keywords

UN SDGs

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