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Reconciling practice with theory in the micro-evaluation of regional policy

Lookup NU author(s): Professor Colin Wren

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Abstract

This paper seeks to reconcile evaluative practice with theory, focusing on the micro-evaluation of UK regional industrial policy. Two issues are examined: the measurement of the pecuniary external effects, including displacement and linkages; and the concept of 'additionality', which is central to the industrial survey approach. It argues that current evaluative practice is at odds with theory, but while cost-benefit analysis simplifies the measurement of the external effects, it has other features that may limit its appeal. On 'additionality', the paper traces its evolution, and shows that it is a multi-dimensional concept. It argues that in practice the use of 'additionality' is deficient as it ignores the firm's private funds and all forms of deadweight transfer.

Publication metadata

Author(s): Wren C

Publication type: Conference Proceedings (inc. Abstract)

Publication status: Published

Conference Name: International Review of Applied Economics: EUNIP Conference

Year of Conference: 2007

Pages: 321-337

ISSN: 0269-2171

Publisher: Routledge

URL: http://dx.doi.org/10.1080/02692170701390312

DOI: 10.1080/02692170701390312

Library holdings: Search Newcastle University Library for this item

ISBN: 14653486

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