Monthly Archives: July 2015

Increasing airport capacity helps local economies grow

Measuring the impact of air travel on regional development is not an easy task, due to the complexity of the issue. Certainly, when a regional economy grows, the passenger flows to the local airport also tend to increase. However, what is the causality here – does air travel follow the growth, or does it also have a role in […]

Can we solve the UK’s productivity puzzle?

The 2008 market crisis was notable in the UK relative to previous recessions for three things: the enormity of the output shock; the muted unemployment response; and the very slow rate of recovery. The initial drop in GDP of 5 per cent was steeper than in previous recessions and the UK economy has performed particularly poorly in the years since.

In 2014, […]