Concentration of infrastructure investment in areas with high levels of business activity suggests the government is unconcerned by ‘crowding out’ Remember expansionary fiscal contraction? You don’t hear much about it now, but back in 2010 when George Osborne set out his austerity agenda, the theory underpinning it was that the private sector would expand to fill the gaps caused by … Continue reading →
1 September 2015 by Tom Hunt & Craig Berry
Categories: Austerity, British growth crisis, Craig Berry, Development, Economics, Inequality, SPERI Comment
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Tags: crowding-out, expansionary fiscal contraction, High Speed 2, infrastructure, Northern Powerhouse, Productivity Plan, rebalancing
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Austerity rests on a thesis the government doesn’t believe in
Concentration of infrastructure investment in areas with high levels of business activity suggests the government is unconcerned by ‘crowding out’ Remember expansionary fiscal contraction? You don’t hear much about it now, but back in 2010 when George Osborne set out his austerity agenda, the theory underpinning it was that the private sector would expand to fill the gaps caused by … Continue reading →
1 September 2015 by Tom Hunt & Craig Berry
Categories: Austerity, British growth crisis, Craig Berry, Development, Economics, Inequality, SPERI Comment | Tags: crowding-out, expansionary fiscal contraction, High Speed 2, infrastructure, Northern Powerhouse, Productivity Plan, rebalancing | Leave a comment