David Cobham's picture
Affiliation: 
Heriot Watt University
Credentials: 
Professor of economics

Voting history

Levelling Up Productivity Gaps in the UK

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

Answer:
Other or no opinion
Confidence level:
Confident
Comment:
The UK needs a genuine regional policy which covers investment, education, fiscal and admin devolution, and even regional subsidies.

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

Answer:
Place Fundamentals
Confidence level:
Confident
Comment:
Obviously emigration of skilled workers, agglomeration effects and transport connections are important, but they are subsumed in place fundamentals, so we need a 'holistic' view.

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:
Raising public investment (in physical and human capital)
Confidence level:
Confident
Comment:
But improving trade relations with the EU and reducing inequality would also make important contributions.

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 worldwide structural challenges
Confidence level:
Confident
Comment:
But there are also problems from UK-specific structural challenges, which will worsen the UK's relative position.

Effects of an embargo on Russian gas

Question 3: By how much would an immediate EU-wide import ban on Russian gas reduce EU GDP growth per annum in 2022-3, in percentage points (pp), absent other policies?

Answer:
Between 1pp and 3pp
Confidence level:
Not confident
Comment:
There are of course other effects from the events in Ukraine...

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