Structural Change under New Labour

Posted: 16 Jun 2008

See all articles by Ken Coutts

Ken Coutts

University of Cambridge - Faculty of Economics and Politics

Andrew Glyn

University of Oxford - Department of Economics

Bob Rowthorn

University of Cambridge - Department of Applied Economics

Date Written: November 2007

Abstract

The paper examines specific features of structural change in the UK since 1997, contrasting the decline in industrial jobs with the rise in a variety of service jobs. It examines the proximate causes of structural change, in particular whether the chronically slow growth of manufacturing output in the 1980s has persisted. The implications of this structural change are considered, particularly the effects on the balance of payments and regional employment patterns. The paper suggests that the main impact of government policies on regional employment may have been through the direct and multiplier effects of public expenditure.

Keywords: Structural change, Deindustrialisation, Balance of payments, Regional employment, New Labour economic policies

JEL Classification: E6, E65, F32, J6, R10

Suggested Citation

Coutts, Ken and Glyn, Andrew and Rowthorn, Bob, Structural Change under New Labour (November 2007). Cambridge Journal of Economics, Vol. 31, Issue 6, pp. 845-861, 2007, Available at SSRN: https://ssrn.com/abstract=1146019 or http://dx.doi.org/10.1093/cje/bem022

Ken Coutts (Contact Author)

University of Cambridge - Faculty of Economics and Politics ( email )

Austin Robinson Building
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Cambridge, CB3 9DD
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Andrew Glyn

University of Oxford - Department of Economics ( email )

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Oxford, OX1 3BJ
United Kingdom
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+44 1865 793121 (Fax)

Bob Rowthorn

University of Cambridge - Department of Applied Economics ( email )

Sidgwick Avenue
Cambridge, CB3 9DE
United Kingdom

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