Recorded at CEPR's June Paris Symposium, Tony Venables presents his research on those regional disparities in the UK which originated in the 1970s through negative trade and technology shocks and whose long run consequences are still visible today. Using disaggregated historical spatial data for the UK, with regards to employment by sector and earnings by place, he finds a relationship between the composition of employment and average earnings in the same place: the more tradable the employment structure in a place, the higher its income. He also finds that the policies adopted at that time in the UK focused on creating more jobs, however, this employment remained, in the long run, low-value.

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5 October 2022

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CEPR & VideoVox Economics

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https://www.youtube.com/watch?v=dP2SuWE5BUg

This Blog is published under the centre's Urban programme, Trade programme.

This publication comes under the following theme: Urban inequality: The role and determinants of urban productivity, Inequality: Winners and losers, What determines urban growth and urban decline and what should be the role of policy?