a column by Steven Davis and John Haltiwanger for VOX: CEPR’s Policy Portal
Young firms live a financially precarious life, often dependent on self-funding tied to the value of the business owners’ homes.
This column uses data from the US to show that housing market fluctuations play a major role in driving medium-term changes in young firm employment shares. As young firms hire a disproportionate number of younger and less-educated workers, these groups are disproportionately affected by house price fluctuations.
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Showing posts with label local_economies. Show all posts
Showing posts with label local_economies. Show all posts
Wednesday, 15 May 2019
Tuesday, 28 July 2015
Creating a Good Local Economy: the role of anchor institutions
a policy paper by Matthew Jackson and Neil McInroy (Centre for Local Economic Strategies (CLES)) published April 2015
Introduction
We need good local economies.
We need local economies where wealth creation improves the economic and social fortunes of people and communities – bringing benefits for all.
A good local economy is one where there are strong networks across the of public, commercial and social sectors. Networks and leadership which stewards investment, so that it brings a range of economic, social and environmental benefits.
Over the last eighteen months, the Centre for Local Economic Strategies (CLES) working in partnership with Preston City Council has been working on improving and developing a good local economy.
The action research work has sought to engage with and influence anchor institutions based in the local authority boundary so that their behaviour and activities bring maximum benefit for the local economy and creates wealth for the local community. This paper reflects upon the findings of the work and the change it has instigated; together with exploring how the impact of the anchor institutions can be maximised in the future.
The work is framed by a much wider discussion and debate about how the economy of places operate and perform.
The paper comprises the following sections:
Introduction
We need good local economies.
We need local economies where wealth creation improves the economic and social fortunes of people and communities – bringing benefits for all.
A good local economy is one where there are strong networks across the of public, commercial and social sectors. Networks and leadership which stewards investment, so that it brings a range of economic, social and environmental benefits.
Over the last eighteen months, the Centre for Local Economic Strategies (CLES) working in partnership with Preston City Council has been working on improving and developing a good local economy.
The action research work has sought to engage with and influence anchor institutions based in the local authority boundary so that their behaviour and activities bring maximum benefit for the local economy and creates wealth for the local community. This paper reflects upon the findings of the work and the change it has instigated; together with exploring how the impact of the anchor institutions can be maximised in the future.
The work is framed by a much wider discussion and debate about how the economy of places operate and perform.
The paper comprises the following sections:
- Section 2 outlines the challenges our local economies face and the theoretical underpinnings of more progressive local economies including components which enable a good local economy;
- Section 3 outlines the activities which have been undertaken in Preston with the anchor institutions including supply chain analysis and the core findings of these activities;
- Section 4 details the key changes in the behaviour of the anchor institutions as a result of their engagement in the project and wider influences;
- Section 5 details the means by which anchor institutions can maximise the impact they bring in the future, notably through the process of procurement.
- Section 6 details the next steps for activities with anchor institutions and wider, which need to happen to maximise community wealth and ensure a good local economy is progressed.
Friday, 2 August 2013
Blast from the Past: City Markets
‘Rebalancing’ remains a mantra for Government. But the scales still tip towards our most affluent cities.
via Centre for Cities by Naomi Clayton
Our latest report, Small Business Outlook 2013, highlighted how SMEs in the UK’s weaker city economies have been hit hardest during the recession. The difference in business start-up rate between the five most and least economically successful cities increased by nearly 20% between 2008 and 2011.
Continue reading (and access the City Markets document) although I warn you that it is not the most pleasant thing you will read today.
via Centre for Cities by Naomi Clayton
Our latest report, Small Business Outlook 2013, highlighted how SMEs in the UK’s weaker city economies have been hit hardest during the recession. The difference in business start-up rate between the five most and least economically successful cities increased by nearly 20% between 2008 and 2011.
Continue reading (and access the City Markets document) although I warn you that it is not the most pleasant thing you will read today.
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