The Scottish economy [July 1975]

David N. F. Bell; James W. McGilvray; Andrew J. Oswald; David R. F. Simpson; Fraser of Allander Institute

The Scottish economy [July 1975]

David N. F. Bell, James W. McGilvray, Andrew J. Oswald, David R. F. Simpson, Fraser of Allander Institute

Economics

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Abstract

Scottish GDP in real terms increased in 1974, and our central estimate for this increase is £4106m at constant prices; this represents an increase of 0.8% over 1973. Modest though this is, in a year in which UK GDP as a whole actually declined it can be regarded with some satisfaction. Indeed our qualitative judgement is that the statistical forecast is, if anything on the conservative side, though as yet our
forecasting methods are insufficiently developed to include these additional
indicators of activity levels. Trends in GDP during the first quarter of 1975 are more difficult to predict.

Original language	English
Pages (from-to)	14-28
Number of pages	15
Journal	Quarterly Economic Commentary
Volume	1
Issue number	1
Publication status	Published - Jul 1975

Keywords

Scottish economic trends
Scottish GDP
Scottish industrial performance
Scottish business conditions
unemployment
labour market trends

UN SDGs

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

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title = "The Scottish economy [July 1975]",

abstract = "Scottish GDP in real terms increased in 1974, and our central estimate for this increase is £4106m at constant prices; this represents an increase of 0.8% over 1973. Modest though this is, in a year in which UK GDP as a whole actually declined it can be regarded with some satisfaction. Indeed our qualitative judgement is that the statistical forecast is, if anything on the conservative side, though as yet ourforecasting methods are insufficiently developed to include these additionalindicators of activity levels. Trends in GDP during the first quarter of 1975 are more difficult to predict.",

keywords = "Scottish economic trends, Scottish GDP, Scottish industrial performance, Scottish business conditions, unemployment, labour market trends",

author = "Bell, {David N. F.} and McGilvray, {James W.} and Oswald, {Andrew J.} and Simpson, {David R. F.} and {Fraser of Allander Institute}",

year = "1975",

month = jul,

language = "English",

volume = "1",

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journal = "Quarterly Economic Commentary",

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publisher = "University of Strathclyde",

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T1 - The Scottish economy [July 1975]

AU - Bell, David N. F.

AU - McGilvray, James W.

AU - Oswald, Andrew J.

AU - Simpson, David R. F.

AU - Fraser of Allander Institute

PY - 1975/7

Y1 - 1975/7

N2 - Scottish GDP in real terms increased in 1974, and our central estimate for this increase is £4106m at constant prices; this represents an increase of 0.8% over 1973. Modest though this is, in a year in which UK GDP as a whole actually declined it can be regarded with some satisfaction. Indeed our qualitative judgement is that the statistical forecast is, if anything on the conservative side, though as yet ourforecasting methods are insufficiently developed to include these additionalindicators of activity levels. Trends in GDP during the first quarter of 1975 are more difficult to predict.

AB - Scottish GDP in real terms increased in 1974, and our central estimate for this increase is £4106m at constant prices; this represents an increase of 0.8% over 1973. Modest though this is, in a year in which UK GDP as a whole actually declined it can be regarded with some satisfaction. Indeed our qualitative judgement is that the statistical forecast is, if anything on the conservative side, though as yet ourforecasting methods are insufficiently developed to include these additionalindicators of activity levels. Trends in GDP during the first quarter of 1975 are more difficult to predict.

KW - Scottish economic trends

KW - Scottish GDP

KW - Scottish industrial performance

KW - Scottish business conditions

KW - unemployment

KW - labour market trends

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

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

M3 - Article

SN - 0306-7866

VL - 1

SP - 14

EP - 28

JO - Quarterly Economic Commentary

JF - Quarterly Economic Commentary

IS - 1

ER -

The Scottish economy [July 1975]

Abstract

Keywords

UN SDGs

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