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UNDERSTANDING REGIONAL ECONOMIC PERFORMANCE AND RESILIENCE IN THE UK: TRENDS SINCE THE GLOBAL FINANCIAL CRISIS

Published online by Cambridge University Press:  28 July 2020

Marianne Sensier  and
Fiona Devine
Marianne Sensier
Affiliation:
Research Fellow, Alliance Manchester Business School. E-mail: [email protected].
Fiona Devine
Affiliation:
Head of Alliance Manchester Business School and Professor of Sociology, University of Manchester. E-mail: [email protected].
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Abstract

We investigate economic resilience of UK regions before, during and after the 2007/8 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.

Keywords

Economic resilienceregional disparitiesproductivitybusiness cyclesC22E32
Type
Research Article
Information
National Institute Economic Review , Volume 253 , August 2020 , pp. R18 - R28
Copyright
© National Institute of Economic and Social Research, 2020

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