Andrea Ferrero's picture
Affiliation: 
University of Oxford

Voting history

Levelling Up Productivity Gaps in the UK

Question 2: Which policies could best help reduce regional productivity disparities?

Answer:
Public or subsidized investment in lagging communities
Confidence level:
Confident
Comment:
In the short run, public investment in lagging communities is most likely to compensate the gap at least in part. In the medium/long run, supply side policies and structural reforms should become the main tool to address regional imbalances.

Question 1: What is the primary factor driving regional productivity disparities in the UK?

Answer:
Agglomeration Effects
Confidence level:
Not confident
Comment:
All effects mentioned in the background discussion sound reasonable. I'm not aware of a study that has systematically tried to quantify their relative importance.

Prospects for UK Economic Growth

Question 2: What is the most important contribution economic policymakers can make growth in the UK over the next decade? 

Answer:
Improving trade relations with the EU and/or other countries
Confidence level:
Confident
Comment:
Measures to mitigate the negative impact of Brexit should help the UK economy regain some of the lost ground.

Question 1: How do you see prospects for future (per capita) GDP growth in the UK in the next decade?

Answer:
Low growth because of UK-specific structural challenges
Confidence level:
Confident
Comment:
I expect UK growth to be on average slightly below the average of other advanced economies because of Brexit-related factors.