Coffey, D orcid.org/0000-0003-0485-2641, Thornley, C and Tomlinson, PR (2022) Industrial Policy, Productivity and Place: London as a ‘role model’ and High Speed Rail 2 (HS2). Regional Studies, 57 (6). pp. 1171-1183. ISSN 0034-3404
Abstract
Britain’s industrial strategy, preoccupied with labour productivity, projects London as a role model because of a high gross value added (GVA) to employment ratio, an approach since followed in the national ‘levelling-up’ agenda. We demonstrate that this is misplaced: it misses the subtleties of how positive agglomeration effects act and ignores how negative effects can, for distributional reasons, cause real as well as GVA-measured productivity to rise in a misleading way. We consider the implications for both London and infrastructure projects designed to reduce productivity differentials by improving connectivity with other cities, such as the ambitious but flawed High Speed 2 (HS2).
Metadata
Item Type: | Article |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way. |
Keywords: | industrial policy; labour productivity; agglomeration; gross value added; High Speed 2 (HS2) |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 26 Aug 2022 13:05 |
Last Modified: | 22 Sep 2023 15:04 |
Status: | Published |
Publisher: | Taylor & Francis |
Identification Number: | 10.1080/00343404.2022.2110226 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:190358 |
Download
Filename: Industrial policy productivity and place London as a role model and High Speed 2 HS2 .pdf
Licence: CC-BY-NC-ND 4.0