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The local economic impacts of regeneration projects: Evidence from UK's Single Regeneration Budget

Steve Gibbons, Henry Overman () and Sarvim�ki, Matti
Authors registered in the RePEc Author Service: Matti Sarvimäki ()

No 12311, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We study the local economic impacts of a major regeneration programme aimed at enhancing the quality of life of local people in deprived neighbourhoods in the UK. The analysis is based on a panel of firm and area level data available at small spatial scales. Our identification strategies involve: a) exploiting the fine spatial scale of our data to study how effects vary with distance to the intervention area; and b) comparing places close to treatment in early rounds of the programme with places close to treatment in future rounds. We consider the long run impact of schemes funded between 1995 and 1997 on outcomes up to 2009. Our estimates suggest that the programme increased workplace employment in the intervention area but this had no impact on the employment rates of local residents.

Keywords: employment; neighbourhoods; regeneration; Single Regeneration Budget; urban policy (search for similar items in EconPapers)
JEL-codes: H50 J08 R11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur, nep-lab and nep-ure
Date: 2017-09
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Working Paper: The Local Economic Impacts of Regeneration Projects: Evidence from UK's Single Regeneration Budget (2017) Downloads
Working Paper: The local economic impacts of regeneration projects: evidence from UK’s Single Regeneration Budget (2017) Downloads
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