Understanding regional economic performance and resilience in the UK: trends since the Global Financial Crisis

Marianne Sensier; Fiona Devine

doi:10.1017/nie.2020.27

Understanding regional economic performance and resilience in the UK: trends since the Global Financial Crisis

Research output: Contribution to journal › Article › peer-review

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 output, 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 The Humber 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.

Original language	English
Pages (from-to)	R18
Journal	National Institute Economic Review
Volume	253
DOIs	https://doi.org/10.1017/nie.2020.27
Publication status	Published - 29 Jul 2020

Keywords

economic resilience, regional disparities, productivity, business cycles

Research Beacons, Institutes and Platforms

Global inequalities

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1017/nie.2020.27

Cite this

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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 output, 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 The Humber 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.",

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AB - 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 output, 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 The Humber 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.

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JO - National Institute Economic Review

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ER -

Understanding regional economic performance and resilience in the UK: trends since the Global Financial Crisis

Abstract

Keywords

Research Beacons, Institutes and Platforms

UN SDGs

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