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Understanding Regional Economic Performance and Resilience in the UK: Trends Since the Global Financial Crisis

Marianne Sensier () and Fiona Devine

Economics Discussion Paper Series from Economics, The University of Manchester

Abstract: We investigate economic resilience of UK regions before, during and after the 2007/08 global financial crisis. We date business cycle turning points in real GVA, employment and productivity to assess the resilience dimensions of resistance, recovery and renewal and rank the economic resilience of regions in a resilience scorecard. Our empirical results reveal that the business cycle in productivity has not returned to its pre-recession peak level for Yorkshire and Humberside and the employment level has not recovered in Scotland. The resilience scorecard ranks the South East as the most resilient region with Northern Ireland the least resilient.

JEL-codes: C22 E32 (search for similar items in EconPapers)
Date: 2019
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Journal Article: UNDERSTANDING REGIONAL ECONOMIC PERFORMANCE AND RESILIENCE IN THE UK: TRENDS SINCE THE GLOBAL FINANCIAL CRISIS (2020) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:man:sespap:1912

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