The local economic impacts of regeneration projects: Evidence from UK's single regeneration budget

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A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
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Date

2021-03

Department

Department of Economics

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Language

en

Pages

11

Series

Journal of Urban Economics, Volume 122

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.

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Keywords

Employment, Neighbourhoods, Regeneration, Single regeneration budget, Urban policy

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DOI

10.1016/j.jue.2020.103315

Citation

Gibbons, S, Overman, H & Sarvimäki, M 2021, 'The local economic impacts of regeneration projects : Evidence from UK's single regeneration budget', Journal of Urban Economics, vol. 122, 103315. https://doi.org/10.1016/j.jue.2020.103315

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https://urn.fi/URN:NBN:fi:aalto-202103222488

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[article-cris] Kauppakorkeakoulu / BIZ