The persistent consequences of adverse shocks: how the 1970s shaped UK regional inequality
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 di...
| Main Authors: | , |
|---|---|
| Format: | Journal article |
| Sprog: | English |
| Udgivet: |
Oxford University Press
2021
|
| _version_ | 1826309644596805632 |
|---|---|
| author | Rice, PG Venables, AJ |
| author_facet | Rice, PG Venables, AJ |
| author_sort | Rice, PG |
| collection | OXFORD |
| description | 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. |
| first_indexed | 2024-03-07T07:38:50Z |
| format | Journal article |
| id | oxford-uuid:078f4443-c3e2-4bb5-81b4-2bc0208eba17 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T07:38:50Z |
| publishDate | 2021 |
| publisher | Oxford University Press |
| record_format | dspace |
| spelling | oxford-uuid:078f4443-c3e2-4bb5-81b4-2bc0208eba172023-04-06T09:24:23ZThe persistent consequences of adverse shocks: how the 1970s shaped UK regional inequalityJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:078f4443-c3e2-4bb5-81b4-2bc0208eba17EnglishSymplectic ElementsOxford University Press2021Rice, PGVenables, AJThe 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. |
| spellingShingle | Rice, PG Venables, AJ The persistent consequences of adverse shocks: how the 1970s shaped UK regional inequality |
| title | The persistent consequences of adverse shocks: how the 1970s shaped UK regional inequality |
| title_full | The persistent consequences of adverse shocks: how the 1970s shaped UK regional inequality |
| title_fullStr | The persistent consequences of adverse shocks: how the 1970s shaped UK regional inequality |
| title_full_unstemmed | The persistent consequences of adverse shocks: how the 1970s shaped UK regional inequality |
| title_short | The persistent consequences of adverse shocks: how the 1970s shaped UK regional inequality |
| title_sort | persistent consequences of adverse shocks how the 1970s shaped uk regional inequality |
| work_keys_str_mv | AT ricepg thepersistentconsequencesofadverseshockshowthe1970sshapedukregionalinequality AT venablesaj thepersistentconsequencesofadverseshockshowthe1970sshapedukregionalinequality AT ricepg persistentconsequencesofadverseshockshowthe1970sshapedukregionalinequality AT venablesaj persistentconsequencesofadverseshockshowthe1970sshapedukregionalinequality |