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The paper presents the results of an analysis, using Keynesian local open economy multipliers, of the impact of Lancaster University upon income and employment in the local city and surrounding hinterland area. The results of the University impact analysis are contrasted with similar analyses of Heysham 2 nuclear power station and two local manufacturing firms. The results of the impact analysis are used in a speculative manner to consider the effects of a planned expansion of student numbers at Lancaster in the 1990s.

Beträchtliche Kritik an der Regionalpolitik der EG hat die Kommission zu Reformvorschlägen veranlaßt, die 1984 zu ihrer Revision führten. Die früher schon einmal ausführlich behandelten und hier zusammengefaßt wiederholten Gründe, die eine EG-Regionalpolitik rechtfertigen, bestehen weiterhin. Deshalb wird geprüft, ob die revidierte Politik insoweit eine Verbesserung erkennen läßt. Abschließend werden die Anforderungen an eine EG-Regionalpolitik umrissen, die den anfänglich genannten Gründen für ihre Einrichtung Rechnung trägt. (AuD-Lut)

AbstractThis paper analyses the cross‐country impacts of the 2008 global financial crisis and the subsequent recovery process, with a specific focus on small economies. Key growth volatility variables highlight the critical exposure of small economies to the transmission of exogenous shocks owing to their high degrees of trade openness and inherent output and export specialisation, notably in financial services and tourism. These factors also constrain the mitigation of exogenous shocks giving rise to greater growth volatility. The paper demonstrates systematic asymmetries between countries with respect to the impact of the crisis and its persistence according to their size and patterns of sectoral specialisation. Small tourism‐dependent economies and nonsovereign entities were particularly adversely affected although an offshore financial sector partly mitigated the impacts. The robustness of the findings is examined further in the appendix with regard to truncation problems arising from the use of international datasets. © 2020 John Wiley & Sons, Ltd.

This paper provides a critical survey of the principal theoretical issues & empirical findings relating to the analysis of the economic growth of small states. This analysis provides a brief critique of the inapplicability of the Lewis model of industrialization to small states. It draws upon insights derived from endogenous growth theory to demonstrate that growth in small states can be explained by the key 'conditioning' variables, notably openness to trade, human capital accumulation, & location. Further, the impact of small size & 'islandness' are argued to play less significant roles than that generally ascribed to them in the literature. The findings provide useful policy lessons for other small states & developing countries. 1 Appendix, 70 References. Adapted from the source document.

Argues that growth in small nations can be explained by openness to trade, human capital accumulation, and location, and that small size and insularity are less significant.

AbstractThis paper is concerned with the relationship between economic growth in small states and their vulnerability. A critical argument in much of the literature on small states, particularly small island states, is that their growth performance is greatly constrained by their vulnerability to exogenous shocks because of their size. These shocks include economic, political and environmental factors, which together dampen the long‐run growth rate of these economies. The paper makes use of a global small state data set and appropriate quantitative techniques to test the relationship between growth and vulnerability using the results of Briguglio's Vulnerability Index. The results highlight some of the conceptual shortcomings in the analytical literature on small states, particularly islands, as well as suggesting that the Vulnerability Index is mis‐specified. Copyright © 2002 John Wiley & Sons, Ltd.