Regional Differences in England and the Case of Teesside

Francis J. Greene, Kevin Mole and David J. Storey

Chapter 2 in Three Decades of Enterprise Culture, 2008, pp 15-50 from Palgrave Macmillan

Abstract: Abstract In any economy there are likely to be widespread differences between particular regions. In Europe, one of the countries with the greatest evident differences is the United Kingdom. Indeed, it has one of the highest variations of GDP per capita in the European Union (HM Treasury, 2001). Inner London had a purchasing power parity of 315.3 in 2002 (EU25 = 100), making it the most prosperous economic area in the EU. At the other end of the scale is Cornwall, a county in the extreme South West of England. This had a purchasing power parity of 72.6 which means that, on average, people in Cornwall had only one-quarter the purchasing power of people who lived in inner London (Source: EU, 2005).

Keywords: House Price; Entrepreneurial Activity; Purchase Power Parity; Labour Force Survey; Regional Unemployment (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28801-0_2

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DOI: 10.1057/9780230288010_2

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