The Imperial Treasury: Appraisal Methodology and Regional Economic Performance in the UK

Diane Coyle and Marianne Sensier

Economics Discussion Paper Series from Economics, The University of Manchester

Abstract: The disparity between the least and most productive regions in the UK is wide by the standards of many other OECD economies. An important factor is the concentration of public investment around London. The appraisal process for infrastructure investment projects follows the methodology set out in the Treasury’s Green Book. We argue that this methodology has reinforced the regional imbalance; that recent changes are unlikely by themselves to redress the London bias in infrastructure; and that infrastructure investments also need to be based on a strategic view about economic development for the whole of the UK.

JEL-codes: H54 O18 R11 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (12)

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Journal Article: The imperial treasury: appraisal methodology and regional economic performance in the UK (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:man:sespap:1901

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