TY - JOUR
T1 - The Scottish economy [November 1983]
AU - Kirwan, Frank
AU - Buchanan, Bob
AU - Crawford, Robert
AU - Harrigan, Frank
AU - Jenkins, Iain
AU - McNicoll, Iain
AU - Moar, Lyle
AU - O'Donnell, Noreen
AU - Simpson, David
AU - Walker, Jim
AU - Wingfield, Alison
A2 - Kirwan, Frank
PY - 1983/11
Y1 - 1983/11
N2 - This latest analysis reveals that there are a disturbing number of indications that the recovery in Scotland has not been as marked as that in Britain as a whole, and perhaps more worrying, that short term growth prospects in Scotland may already be flagging. Compared to the wealth of data available on the British economy, documentation of current economic activity in Scotland is sparse. There is therefore an inevitable tendency to assume that British experience will be broadly replicated at the Scottish level, even when no contemporaneous evidence is available to substantiate this assumption. Thus the recovery in the British economy over the past two years is widely if somewhat sceptically assumed to have had its counterpart in Scotland. The evidence to support this contention is becoming increasingly difficult to find. As this analysis reveals, this may in part reflect the fact that the manufacturing sector, which bore the brunt of the recession and which accounts for less than a quarter of total Scottish employment, tends to be the best documented. Recent trends in Scottish manufacturing are not encouraging. If these trends are representative of those in other sectors, recovery from recession has been sluggish in Scotland with short term prospects depending critically on an increased emphasis on export and investment demand during the second stage of the world recovery.
AB - This latest analysis reveals that there are a disturbing number of indications that the recovery in Scotland has not been as marked as that in Britain as a whole, and perhaps more worrying, that short term growth prospects in Scotland may already be flagging. Compared to the wealth of data available on the British economy, documentation of current economic activity in Scotland is sparse. There is therefore an inevitable tendency to assume that British experience will be broadly replicated at the Scottish level, even when no contemporaneous evidence is available to substantiate this assumption. Thus the recovery in the British economy over the past two years is widely if somewhat sceptically assumed to have had its counterpart in Scotland. The evidence to support this contention is becoming increasingly difficult to find. As this analysis reveals, this may in part reflect the fact that the manufacturing sector, which bore the brunt of the recession and which accounts for less than a quarter of total Scottish employment, tends to be the best documented. Recent trends in Scottish manufacturing are not encouraging. If these trends are representative of those in other sectors, recovery from recession has been sluggish in Scotland with short term prospects depending critically on an increased emphasis on export and investment demand during the second stage of the world recovery.
KW - global economic trends
KW - British economic performance
KW - UK GDP growth
KW - industrial output
UR - http://www.strath.ac.uk/frasercommentary/
UR - http://www.strath.ac.uk/fraser/
M3 - Article
SN - 0306-7866
VL - 9
SP - 1
EP - 11
JO - Quarterly Economic Commentary
JF - Quarterly Economic Commentary
IS - 2
ER -