Regional Policy Spillovers: The National Impact of Demand-Side Policy in an Interregional Model of the UK Economy

Michelle Gilmartin, David Learmonth, Peter McGregor, John Swales () and Karen Turner

No 2011-46, Stirling Economics Discussion Papers from University of Stirling, Division of Economics

Abstract: UK regional policy has been advocated as a means of reducing regional disparities and stimulating national growth. However, there is limited understanding of the interregional and national effects of such a policy. This paper uses an interregional computable general equilibrium model to identify the national impact of a policy-induced regional demand shock under alternative labour market closures. Our simulation results suggest that regional policy operating solely on the demand side has significant national impacts. Furthermore, the effects on the non-target region are particularly sensitive to the treatment of the regional labour market.

Keywords: regional CGE modelling; migration; regional development policy (search for similar items in EconPapers)
Date: 2011
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http://hdl.handle.net/1893/10921

Related works:
Journal Article: Regional Policy Spillovers: The National Impact of Demand-Side Policy in an Interregional Model of the UK Economy (2013)
Working Paper: Regional Policy Spillovers: The National Impact of Demand-Side Policy in an Interregional Model of the UK Economy (2011)
Working Paper: Regional Policy Spillovers: The National Impact of Demand-Side Policy in an Interregional Model of the UK Economy (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:stl:stledp:2011-46

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