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Capital subsidies and unemployed labour a comment on the regional production function approach
McDermott P. J. (1977) Capital subsidies and unemployed labour. A comment on the regional production function approach, Reg. Studies 11, 203–210. The conclusions of the paper by Buck and Atkins (1976) based upon the aggregate production function for industries estimated across regions are disputed on several grounds. At a general level it is claimed that the method is theoretically unsound and therefore inappropriate for policy implications. Further, additional material used by Buck and Atkins to reinforce their argument that regional capital subsidies act against employment creation was inadequately presented. An alternative enterprise-based statistical comparison within a single industry also casts doubts upon their assertions. It is concluded that the use of the production function technique by Buck and Atkins makes no contribution to the question of the impact of capital subsidies upon the creation of employment in Development Areas and provides no basis for the policy recommendations which they make.
Capital subsidies and unemployed labour a comment on the regional production function approach
McDermott P. J. (1977) Capital subsidies and unemployed labour. A comment on the regional production function approach, Reg. Studies 11, 203–210. The conclusions of the paper by Buck and Atkins (1976) based upon the aggregate production function for industries estimated across regions are disputed on several grounds. At a general level it is claimed that the method is theoretically unsound and therefore inappropriate for policy implications. Further, additional material used by Buck and Atkins to reinforce their argument that regional capital subsidies act against employment creation was inadequately presented. An alternative enterprise-based statistical comparison within a single industry also casts doubts upon their assertions. It is concluded that the use of the production function technique by Buck and Atkins makes no contribution to the question of the impact of capital subsidies upon the creation of employment in Development Areas and provides no basis for the policy recommendations which they make.
Capital subsidies and unemployed labour a comment on the regional production function approach
McDermott, Philip J. (author)
Regional Studies ; 11 ; 203-210
1977-08-01
8 pages
Article (Journal)
Electronic Resource
Unknown
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