Journal article
The persistent consequences of adverse shocks: how the 1970s shaped UK regional inequality
- Abstract:
- The economic shocks experienced by the UK economy in the 1970s brought major changes in the spatial distribution of employment rates in the UK. This paper traces the long-run implications of these changes, suggesting that they were highly persistent and to a large extent shape current UK regional disparities. Most of the Local Authority Districts that experienced large negative shocks in the 1970s had high deprivation rates in 2015, and they constitute two-thirds of all districts with the highest deprivation rates. We conclude that neither economic adjustment processes nor policy measures have acted to reverse the effect of negative shocks incurred nearly half a century ago.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Access Document
- Files:
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(Preview, Accepted manuscript, pdf, 473.6KB, Terms of use)
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- Publisher copy:
- 10.1093/oxrep/graa057
Authors
- Publisher:
- Oxford University Press
- Journal:
- Oxford Review of Economic Policy More from this journal
- Volume:
- 37
- Issue:
- 1
- Pages:
- 132–151
- Publication date:
- 2021-04-05
- Acceptance date:
- 2020-08-27
- DOI:
- EISSN:
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1460-2121
- ISSN:
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0266-903X
- Language:
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English
- Keywords:
- Pubs id:
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1128857
- Local pid:
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pubs:1128857
- Deposit date:
-
2020-08-27
- ARK identifier:
Terms of use
- Copyright holder:
- Rice and Venables
- Copyright date:
- 2021
- Rights statement:
- © The Author(s) 2021. Published by Oxford University Press.
- Notes:
- This is the accepted manuscript version of the article. The final version is available online from Oxford University Press at https://doi.org/10.1093/oxrep/graa057
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