Regional policy spillovers: the national impact of demand-side policy in an interregional model of the UK economy

M Gilmartin, P G McGregor, J K Swales, Karen Turner

    Research output: Contribution to journalArticlepeer-review

    10 Citations (Scopus)

    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 nontarget region are particularly sensitive to the treatment of the regional labour market.
    Original languageEnglish
    Pages (from-to)814-834
    JournalEnvironment and Planning A
    Volume45
    Issue number4
    DOIs
    Publication statusPublished - 2013

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