The Question of Economic Growth and Inequality in Contemporary Scotland
Bibliographic Data
| ID | 12286262 |
|---|---|
| Authors | Gerry Mooney (0000-0001-7775-9558, corresponding author), Carlo Morelli, Paul Seaman |
| Year | 2009 |
| Volume | 67 (First Serie |
| Issue | 1 |
| Pages | 92-109 |
| Publication date | 2009-05-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Scottish Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0966-0356 • E-ISSN: 2053-888X |
| Publisher | Edinburgh University Press (PUBLISHER • GB) |
| DOI | 10.3366/scot.2009.0026 |
| OpenAlex | W1995664972 |
| Language | EN |
| Citations received | 3 |
| References cited | 5 |
The OECD has been forecasting for some time that the U K economy wil l be in recession in 2009 (OECD 2008a, Table 1, p.3).1 Even its earlier, more optimistic, June 2008 forecast of 1.8% GDP growth for 2008 was based on increasing the rate of growth of government expenditure on consumption goods from 1.9% to 2.3% between 2007 and 2008 and a rise in government's gross fixed investment from 4.2% to 6.3%. Th is is at a time when growth in private consumption and gross fixed investment was falling rapidly (OECD 2008b, United Kingdom tables). Thus 2009 is set to see the U K facing negative economic growth and associated rising unemployment. Indeed, the
Consumption (sociology · Economics · Fiscal policy · Inequality · Investment (military · Macroeconomics · Political science · Politics · Private consumption · Real gross domestic product · Recession · Unemployment · Housing, Finance, and Neoliberalism · Income, Poverty, and Inequality · Social Issues and Policies
| Citations per year | 0.2 |
|---|---|
| Citation span | 2011 - 2012 (2) |
| Highly cited | No |