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Industrial policy, productivity and place: London as a ‘role model’ and High Speed 2 (HS2)

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  • Dan Coffey
  • Carole Thornley
  • Philip R. Tomlinson

Abstract

Britain’s industrial strategy, preoccupied with labour productivity, projects London as a role model because of a high gross value added (GVA) to employment ratio, an approach since followed in the national ‘levelling-up’ agenda. We demonstrate that this is misplaced: it misses the subtleties of how positive agglomeration effects act and ignores how negative effects can, for distributional reasons, cause real as well as GVA-measured productivity to rise in a misleading way. We consider the implications for both London and infrastructure projects designed to reduce productivity differentials by improving connectivity with other cities, such as the ambitious but flawed High Speed 2 (HS2).

Suggested Citation

  • Dan Coffey & Carole Thornley & Philip R. Tomlinson, 2023. "Industrial policy, productivity and place: London as a ‘role model’ and High Speed 2 (HS2)," Regional Studies, Taylor & Francis Journals, vol. 57(6), pages 1171-1183, June.
  • Handle: RePEc:taf:regstd:v:57:y:2023:i:6:p:1171-1183
    DOI: 10.1080/00343404.2022.2110226
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    Cited by:

    1. Paul Hildreth & Maria Hinfelaar, 2023. "Place-making in the Mersey Dee before and after Brexit and COVID-19 disruption: A typology of companies and their engagement with their localities and key actors," Local Economy, London South Bank University, vol. 38(3), pages 282-299, May.

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