Description
Book SynopsisThe ebook edition of this title is Open Access, thanks to Knowledge Unlatched funding, and freely available to read online. The post-Brexit environment introduces notable challenges for regional policy; however, it also offers the opportunity to reassess regional needs and appropriate funding formulae.
Regional Success After Brexit: The Need for New Measures examines the metrics currently used to evaluate regional performance within the UK and, in the wake of Brexit, suggests better alternatives. Alongside an in-depth critique of GVA/capita, the book challenges current thinking based on nominal productivity differences and advocates measures based on real incomes, real living standards and real labour productivity.
The book is an illuminating read for academics, researchers and policy-makers working within regional economics as it exposes the need to replace European regional funding with a new formula that takes regional prices into account and redistributes authority over the UK's revenue and spending to the regions.
Trade ReviewHearne and De Ruyter survey the present state of evidence on regional disparities across Britain, discuss the different measures of regional economic performance currently being used, and argue that Brexit will present an opportunity to reassess regional needs and and measuring approaches. They cover thinking inside the box: defining the problem, thinking outside the box: real living standards and real labor productivity, and policy implications. -- Annotation ©2019 * (protoview.com) *
Table of Contents1. Thinking Inside the Box: Defining the Problem 2. Thinking Outside the Box (Part 1): Real Living Standards 3. Thinking Outside the Box (Part 2): Real Labour Productivity 4. Policy Implications
Appendix A: GDHI Appendix B: The EKS Method Appendix C: FISIM
