This project aims at capturing and measuring the impact of new businesses generation on local and regional economies in the UK. Attracting new, particularly high productivity, businesses is a policy priority of the UK government and underpins the UK Government’s Industrial Strategy. One reason for this is that when new businesses are started in local area, new jobs are created both in the same industry and in other industries, due to the increase in demand for local goods. This is known as the local employment multiplier effect.
The hope of government is that by attracting new, high productivity, firms to parts of the UK which lack these sorts of jobs, this will create spillover employment effects throughout regional and local economies. However, these positive impacts may be offset by a series of general equilibrium forces that could result for example in an overall increase in the cost of living in the area.
This project will combine detailed microeconometric work and multi-sectoral multi-regional macroeconomic modelling to produce a strong evidence base on the magnitude of UK local employment multipliers. The first part of this work will involve the use of firm—level and individual level microdata to better understand and model key inputs to the assessment of local employment multipliers. The second part of this work will utilise multi-sectoral multi-region macroeconomic models of the UK regional economies to capture induced and general equilibrium effects.
Candidates are required to have:
• A strong performance at master’s level where Economics is the primary focus, with the expected completion date of the master’s degree no later than September 2020, along with at least 2.1 performance, or the equivalent, in a relevant undergraduate degree.
• An interest in applied economics analysis, econometrics and modelling techniques, including programming skills;
• A demonstrable aptitude to undertake research and develop into an independent researcher;
• Other relevant experience or skills will also be considered so please highlight these in your application;
• Candidates who are not native English speakers will be required to provide evidence of their English skills (such as by IELTS or similar tests that are approved by UKVI, or a degree completed in an English speaking country)
Supervisor: Dr Gioele Figus, Dr Stuart McIntyre (Department of Economics and Fraser of Allander Institute)
Contact Details: If you have any queries about this project, please contact the lead supervisor Gioele Figus at [email protected]
. Department PGR Administrator: Kathleen Tyrrell ([email protected]