The Scottish economy [April 1979]

D N F Bell; S Hart; F X Kirwan; I H McNicoll; L. Moar; D R F Simpson; A A Wingfield; D N F Bell

The Scottish economy [April 1979]

D N F Bell, S Hart, F X Kirwan, I H McNicoll, L. Moar, D R F Simpson, A A Wingfield, D N F Bell (Editor)

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Abstract

As the latest economic data reveal, there is little doubt that the Scottish economy is weaker now than it was in 1974, How much this is due to the inadequacies of policy is difficult to ascertain. However, as this paper demonstrates, one can point to some factors, such as the removal of regional employment premium, which undoubtedly have had a detrimental effect on the economy, at least in the short-term. Further, it now seems likely, whichever party wins the next election, that regional policy, given the prevailing economic orthodoxy, will enter a 'passive' phase where assistance to the development areas will be tied to specific industries or projects. Whether the Scottish economy is now sufficiently robust to accommodate such a change remains to be seen.

Original language	English
Pages (from-to)	5-22
Number of pages	18
Journal	Quarterly Economic Commentary
Volume	4
Issue number	4
Publication status	Published - Apr 1979

Keywords

Scottish economic trends
Scottish economic output
industrial production
Scottish gross domestic product (GDP)
Scotland
unemployment trends
labour market conditions
business confidence

UN SDGs

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

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title = "The Scottish economy [April 1979]",

abstract = "As the latest economic data reveal, there is little doubt that the Scottish economy is weaker now than it was in 1974, How much this is due to the inadequacies of policy is difficult to ascertain. However, as this paper demonstrates, one can point to some factors, such as the removal of regional employment premium, which undoubtedly have had a detrimental effect on the economy, at least in the short-term. Further, it now seems likely, whichever party wins the next election, that regional policy, given the prevailing economic orthodoxy, will enter a 'passive' phase where assistance to the development areas will be tied to specific industries or projects. Whether the Scottish economy is now sufficiently robust to accommodate such a change remains to be seen.",

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month = apr,

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T1 - The Scottish economy [April 1979]

AU - Bell, D N F

AU - Hart, S

AU - Kirwan, F X

AU - McNicoll, I H

AU - Moar, L.

AU - Simpson, D R F

AU - Wingfield, A A

A2 - Bell, D N F

PY - 1979/4

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N2 - As the latest economic data reveal, there is little doubt that the Scottish economy is weaker now than it was in 1974, How much this is due to the inadequacies of policy is difficult to ascertain. However, as this paper demonstrates, one can point to some factors, such as the removal of regional employment premium, which undoubtedly have had a detrimental effect on the economy, at least in the short-term. Further, it now seems likely, whichever party wins the next election, that regional policy, given the prevailing economic orthodoxy, will enter a 'passive' phase where assistance to the development areas will be tied to specific industries or projects. Whether the Scottish economy is now sufficiently robust to accommodate such a change remains to be seen.

AB - As the latest economic data reveal, there is little doubt that the Scottish economy is weaker now than it was in 1974, How much this is due to the inadequacies of policy is difficult to ascertain. However, as this paper demonstrates, one can point to some factors, such as the removal of regional employment premium, which undoubtedly have had a detrimental effect on the economy, at least in the short-term. Further, it now seems likely, whichever party wins the next election, that regional policy, given the prevailing economic orthodoxy, will enter a 'passive' phase where assistance to the development areas will be tied to specific industries or projects. Whether the Scottish economy is now sufficiently robust to accommodate such a change remains to be seen.

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KW - industrial production

KW - Scottish gross domestic product (GDP)

KW - Scotland

KW - unemployment trends

KW - labour market conditions

KW - business confidence

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

M3 - Article

VL - 4

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EP - 22

JO - Fraser of Allander Economic Commentary

JF - Fraser of Allander Economic Commentary

SN - 2046-5378

IS - 4

ER -

The Scottish economy [April 1979]

Abstract

Keywords

UN SDGs

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