TY - JOUR
T1 - The persistent consequences of adverse shocks
T2 - how the 1970s shaped UK regional inequality
AU - Rice, Patricia G.
AU - Venables, Anthony J.
N1 - Publisher Copyright:
© 2021 The Author(s) 2021. Published by Oxford University Press. For permissions please e-mail: [email protected].
PY - 2021
Y1 - 2021
N2 - The economic shocks experienced by the UK economy in the 1970s brought major changes in the spatial distribution of employment rates in the UK. This paper traces the long-run implications of these changes, suggesting that they were highly persistent and to a large extent shape current UK regional disparities. Most of the Local Authority Districts that experienced large negative shocks in the 1970s had high deprivation rates in 2015, and they constitute two-Thirds of all districts with the highest deprivation rates. We conclude that neither economic adjustment processes nor policy measures have acted to reverse the effect of negative shocks incurred nearly half a century ago.
AB - The economic shocks experienced by the UK economy in the 1970s brought major changes in the spatial distribution of employment rates in the UK. This paper traces the long-run implications of these changes, suggesting that they were highly persistent and to a large extent shape current UK regional disparities. Most of the Local Authority Districts that experienced large negative shocks in the 1970s had high deprivation rates in 2015, and they constitute two-Thirds of all districts with the highest deprivation rates. We conclude that neither economic adjustment processes nor policy measures have acted to reverse the effect of negative shocks incurred nearly half a century ago.
KW - de-industrialization
KW - employment
KW - regional inequality
UR - http://www.scopus.com/inward/record.url?scp=85105531987&partnerID=8YFLogxK
U2 - 10.1093/oxrep/graa057
DO - 10.1093/oxrep/graa057
M3 - Article
AN - SCOPUS:85105531987
SN - 0266-903X
VL - 37
SP - 132
EP - 151
JO - Oxford Review of Economic Policy
JF - Oxford Review of Economic Policy
IS - 1
ER -