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The local economic impacts of regeneration projects: evidence from UK’s single regeneration budget

Gibbons, Stephen, Overman, Henry G. ORCID: 0000-0002-3525-7629 and Sarvimäki, Matti (2021) The local economic impacts of regeneration projects: evidence from UK’s single regeneration budget. Journal of Urban Economics, 122. ISSN 0094-1190

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Identification Number: 10.1016/j.jue.2020.103315

Abstract

Many governments aim to improve the labour market outcomes of people living in deprived areas through "place-making" initiatives. Economists are often sceptical about the effectiveness of such policies, but empirical evidence on their impacts remains limited. We examine the impact of building subsidised business floor space in deprived neighbourhoods in the UK. Our estimates suggest that while the £8.2bn investment into these projects increased the number of jobs located in the targeted neighbourhoods, it did little to improve the employment of local residents.

Item Type: Article
Official URL: https://www.sciencedirect.com/journal/journal-of-u...
Additional Information: © 2020 Elsevier Inc
Divisions: Geography & Environment
Subjects: H Social Sciences > HJ Public Finance
H Social Sciences > HT Communities. Classes. Races
JEL classification: R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, and Changes
J - Labor and Demographic Economics > J0 - General > J08 - Labor Economics Policies
H - Public Economics > H5 - National Government Expenditures and Related Policies > H50 - General
Date Deposited: 11 Jan 2021 16:42
Last Modified: 20 Sep 2021 03:20
URI: http://eprints.lse.ac.uk/id/eprint/108233

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