West Midlands Economic Monitor: May 2019

May’s edition of the West Midlands Economic Monitor is now available for download. This month’s installment looks at the debate around HS2, how much money you need to earn to be happy, inequality in the region, ongoing protests against LGBT-inclusive education, a range of regeneration projects planned for Birmingham, and the latest statistics around employment, … Continue reading “West Midlands Economic Monitor: May 2019”

The Realities, Challenges and Strengths of the External Funding Environment at LEP Level

When I joined City-REDI in October, I was seconded 50% of my time to the Smart Specialisation Hub in Islington for six months. The Hub provided analysis to improve local and national understanding of innovation capabilities, benchmarking innovation activity across Local Enterprise Partnerships (LEPs). Established in 2010 by the then Department for Business, Innovation and … Continue reading “The Realities, Challenges and Strengths of the External Funding Environment at LEP Level”

What is Gross Value Added (GVA)?

Definition and Description Gross value added (GVA) measures the contribution made to an economy by one individual producer, industry, sector or region. The figure is used in the calculation of gross domestic product (GDP). GVA is one way of measuring economic output which is used by researchers to measure the contribution made to the economy … Continue reading “What is Gross Value Added (GVA)?”

Brexit and the UK’s Regional and Urban Challenges

Brexit poses four direct challenges that relate to sub-national, regional and urban issues. First, it leads to an economic challenge in that the UK’s interregional inequalities are likely to become even greater than they currently are. Second, and consequent upon the first, is that Brexit also leads to a political challenge in that the expectations of voters … Continue reading “Brexit and the UK’s Regional and Urban Challenges”

Meet Professor Stephan Weiler, Fulbright Distinguished Research Chair at the University of Birmingham – Part Three

Professor Stephan Weiler is currently visiting City-REDI as a Fulbright Distinguished Research Chair. The Fulbright Distinguished Chair Awards are viewed as the most prestigious appointments in the Fulbright Scholar Program, a global exchange program now in existence for over seventy years. In a series of blogs, Stephan will introduce himself and outline how this partnership … Continue reading “Meet Professor Stephan Weiler, Fulbright Distinguished Research Chair at the University of Birmingham – Part Three”

Spacetime and Singapore: Towards a Four-Dimensional Understanding of City-Region Economies

I am based in Singapore this week and this provides an opportunity to consider Singapore as an extraordinary place. There are many aspects to Singapore as an extraordinary place. It is possible to argue that all places are extraordinary or special in some way. Context matters or perhaps more correctly ‘geography matters’. It is important … Continue reading “Spacetime and Singapore: Towards a Four-Dimensional Understanding of City-Region Economies”

New focus on the foundations of the UK’s economy might help poorest regions post-Brexit

Among all the uncertainty Brexit is causing, concerns have arisen over the potential fuel it is adding to the pertinent problem of inequality. There is mounting evidence that post-Brexit, the economic and social disparities between the stronger and weaker UK regions will widen. Looking at a number of potential scenarios, estimates suggest that the poorest … Continue reading “New focus on the foundations of the UK’s economy might help poorest regions post-Brexit”

Brexit Employment Risks by Occupation

Brexit will cause impediments to exports from the UK to the EU. These will affect UK sectors to different extents. Some sectors sell large shares of their output to EU markets, while others do not. These differences have an impact on the degree to which specific occupational types of employment are exposed to trade risks … Continue reading “Brexit Employment Risks by Occupation”

Knowledge Translation and People-led Approaches to Achieving Urban Sustainable Development Goals: Reflections from the African Perspective 12+ Conference, Delft

Global air pollution is a problem attributed to urbanisation and provides a good reference point for understanding and addressing the gap between scientific knowledge and policy practice in Africa. African development potentials and challenges have been identified and ways forward suggested in many publications and conferences. Yet, the reality of African development challenges is a … Continue reading “Knowledge Translation and People-led Approaches to Achieving Urban Sustainable Development Goals: Reflections from the African Perspective 12+ Conference, Delft”

Industrial Strategy: Four Rationales

Industrial policy: why bother? There is a very large and diverse literature on industrial policy. The subject is covered by lots of different kinds of academics, with different language and approaches. For instance, the field covers endogenous growth theory [1] ; Schumpeterian models of entrepreneurship / innovation / creative destruction [2]; industrial economics [3]; science … Continue reading “Industrial Strategy: Four Rationales”