| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15635 |
| DP15635 North and South: A Regional Model of the UK | |
| Patrick Minford; Yue Gai; David Meenagh | |
| 发表日期 | 2021-01-05 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We set up a two-region model to study the policy challenge of bringing the North’s income up to the level of the South in the UK. The model focuses on labour costs as the driver of output gains through the international competitiveness channel. The empirical results show that the regional model behaviour fits the regional UK data behaviour over the period of 1986Q1 and 2019Q4, using the demanding Indirect Inference method. We also carry out a Monte Carlo power test, which shows the empirical results we obtain are trustworthy and can provide us a reliable guide for policy reform. The results suggest that in response to tax cuts and labour market reforms GDP in the North increases almost twice as much as GDP in the South. Given that a broad programme of tax cuts and regulatory reform would more than pay for itself in the long run, it must be considered as a highly attractive political agenda. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Regional study Dsge model Policy implication indirect inference |
| URL | https://cepr.org/publications/dp15635 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544649 |
| 推荐引用方式 GB/T 7714 | Patrick Minford,Yue Gai,David Meenagh. DP15635 North and South: A Regional Model of the UK. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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