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Structural Change under New Labour

Kenneth Coutts (), Andrew Glyn and Bob Rowthorn

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: The paper examines specific features of structural change in the UK since 1997, contrasting the decline in industrial jobs with the rise in a variety of service jobs. It examines the proximate causes of structural change, in particular whether the chronically slow growth of manufacturing output in the 1980s has persisted. The implications of this structural change are considered, particularly the effects on the balance of payments and regional employment patterns. The paper suggests that the main impact of government policies on regional employment may have been through the direct and multiplier effects of public expenditure.

Keywords: structural change; deindustrialisation; balance of payments; regional employment; New Labour economic policies. (search for similar items in EconPapers)
JEL-codes: E6 E65 F32 J6 R10 (search for similar items in EconPapers)
Pages: 29
Date: 2007-05
New Economics Papers: this item is included in nep-geo and nep-mac
Note: Ec
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Journal Article: Structural change under New Labour (2007) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:0721

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