An Economic Analysis of the Revised Regional Development Grant Scheme

C M Wren and John Swales ()

Scottish Journal of Political Economy, 1991, vol. 38, issue 3, 256-72

Abstract: This paper examines the factors underlying the take-up and effectiveness of the revised Regional Development Grant scheme, an instrument of U.K. regional policy operated between 1984 and 1988. Assistance under this scheme was available either as a proportionate capital grant or as a lump-sum marginal employment subsidy. Using a cost function approach and a Cobb-Douglas production function, conditions are derived determining take-up. Simulation suggests that assistance will generally be taken up as a job grant, and this is borne out by empirical evidence. Some implications for effectiveness are drawn. Copyright 1991 by Scottish Economic Society.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:bla:scotjp:v:38:y:1991:i:3:p:256-72

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Scottish Journal of Political Economy is currently edited by Tim Barmby, Andrew Hughes-Hallett and Campbell Leith

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