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The local economic impacts of regeneration projects: evidence from UK’s Single Regeneration Budget

Gibbons, Stephen, Overman, Henry G. and Sarvimäki, Matti (2017) The local economic impacts of regeneration projects: evidence from UK’s Single Regeneration Budget. SERC Discussion Papers (SERCDP218). Spatial Economics Research Centre, London School of Economics and Political Science, London, UK.

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Abstract

We study the local economic impacts of a major regeneration programme aimed at enhancing the quality of life of local people in deprived neighbourhoods in the UK. The analysis is based on a panel of firm and area level data available at small spatial scales. Our identification strategies involve: a) exploiting the fine spatial scale of our data to study how effects vary with distance to the intervention area; and b) comparing places close to treatment in early rounds of the programme with places close to treatment in future rounds. We consider the long run impact of schemes funded between 1995 and 1997 on outcomes up to 2009. Our estimates suggest that the programme increased workplace employment in the intervention area but this had no impact on the employment rates of local residents.

Item Type: Monograph (Discussion Paper)
Official URL: http://www.spatialeconomics.ac.uk/
Additional Information: © 2017 The Authors
Divisions: Spatial Economics Research Centre
Centre for Economic Performance
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: H - Public Economics > H5 - National Government Expenditures and Related Policies > H50 - General
J - Labor and Demographic Economics > J0 - General > J08 - Labor Economics Policies
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, and Changes
Sets: Research centres and groups > Spatial Economics Research Centre
Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 29 Jan 2018 16:20
Last Modified: 11 Jul 2019 23:34
Funders: Economic and Social Research Council
URI: http://eprints.lse.ac.uk/id/eprint/86566

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