Coping the Recession

Pa Geroski and Paul Gregg

National Institute Economic Review, 1993, vol. 146, 64-75

Abstract: The UK economy has suffered through two deep recessions over the last decade and, as a consequence, its productive structure has undergone a major transformation. The most visible consequences of these events include two waves of large scale job shedding (with profoundly different regional impacts) accompanied by persistently high unemployment throughout the 1980s and early-1990s. This time period has also seen steeply rising small and large firm failure rates, a major reshuffling in the ownership of many businesses, severe imbalances between the supply of and demand for certain types of skills exacerbated by regional immobilities in labour, a crisis of consumer confidence coupled with a reluctance by consumers to take on (or add to) their long-term debt, and a general decline in the authority and confidence with which demand management policies have been pursued.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
Journal Article: Coping the Recession (1993)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:146:y:1993:i::p:64-75_5

Access Statistics for this article

More articles in National Institute Economic Review from National Institute of Economic and Social Research Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. Contact information at EDIRC.
Bibliographic data for series maintained by Kirk Stebbing ().