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Recession and Relative Recovery

In: Revival of a City

Author

Listed:
  • Clive Collis

    (Coventry University)

Abstract

There was a rapid decline in the economic performance of Coventry during the 1970s and early 1980s which mirrored that of the British economy over this period. Deteriorating national economic conditions in the early 1970s were associated with the 1973/1974 international oil crisis, followed between 1978 and 1982 by a severe recessionRecession and then a recoveryrecovery phase in the remainder of the 1980s. Compared to Britain as a whole, Coventry lostJob loss 1970s–1980s a higher proportion of its employmentEmployment during the recessionRecession but the city gained relatively more employmentEmployment in the recoveryrecovery phase during the rest of the 1980s. This change in Coventry’s relative employmentEmployment performance has been taken by Healey and Dunham (1994) as indicating a change from relative competitive disadvantage to relative competitive advantage.

Suggested Citation

  • Clive Collis, 2019. "Recession and Relative Recovery," Palgrave Studies in Economic History, in: Jason Begley & Tom Donnelly & David Jarvis & Paul Sissons (ed.), Revival of a City, chapter 0, pages 93-123, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-22822-4_5
    DOI: 10.1007/978-3-030-22822-4_5
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