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The persistent consequences of adverse shocks: how the 1970s shaped UK regional inequality
Oxford Review of Economic Policy ( IF 6.326 ) Pub Date : 2021-04-05 , DOI: 10.1093/oxrep/graa057
Patricia G Rice 1 , Anthony J Venables 2
Affiliation  

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.

中文翻译:

不利冲击的持续后果:1970年代如何塑造英国的地区不平等

1970年代英国经济遭受的经济冲击使英国就业率的空间分布发生了重大变化。本文追溯了这些变化的长期影响,表明它们是高度持久的,并在很大程度上形成了当前英国地区差异。大部分在1970年代遭受较大负面冲击的地方政府区在2015年的剥夺率很高,占剥夺率最高的所有区的三分之二。我们得出的结论是,经济调整程序和政策措施都没有采取行动来扭转近半个世纪前发生的负面冲击的影响。
更新日期:2021-04-06
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