Regional diversification into green and digital economic activities – The case of UK Local Authorities

Gloria Cicerone, Sebastian Losacker and Raquel Ortega-Argilés

Discussion Papers from Economic Statistics Centre of Excellence

Abstract: Regions are currently facing a twin transition, involving a shift towards more environmentally friendly economies as well as the digitalization of economic activities. Against this backdrop, this paper examines the geography of green, digital, and twin economic activities in the UK, utilizing a novel dataset that captures these emerging sectors through a real-time industrial classification of firms. Additionally, the paper employs a relatedness approach to analyse local capabilities in the twin domain. The results underscore the crucial role of twin activities, encompassing both green and digital elements, in facilitating regional diversification into these respective sectors.

Keywords: Twin Transition; Urban Scaling; Relatedness; Regional Diversification; Industry Classification (search for similar items in EconPapers)
JEL-codes: O30 O32 Q55 R11 (search for similar items in EconPapers)
Date: 2024-07-29
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