The geographical impact of the Covid-19 crisis on precautionary savings, firm survival and jobs: Evidence from the United Kingdom's 100 largest towns and cities
The geographical impact of the Covid-19 crisis on precautionary savings, firm survival and jobs: Evidence from the United Kingdom's 100 largest towns and cities
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DOI：
10.1177/0266242621989326
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发表时间：
2021-01-28
影响因子：
7.1
通讯作者：
Cowling, Marc
中科院分区：
文献类型：
--
作者：
Brown, Ross;Cowling, Marc
在这篇评论中，我们追踪了新冠肺炎大流行在英国100个最大的城镇潜在的商业失败和相关的失业方面的经济和空间后果。这篇文章使用了英国对1500家不同规模的公司的调查数据，考察了公司层面的预防性储蓄水平。在企业倒闭风险方面，我们发现，英国北部和周边较贫穷的城市地区受到的影响明显而不平等，这表明地区韧性较弱，但在失业方面的分布更具随机性。微型公司和最大的公司是总失业的最大驱动因素。我们认为，在空间上盲目的企业政策不足以应对危机，更有针对性的地区政策将是未来最重要的，以帮助缓解新冠肺炎大流行在企业倒闭和随之而来的失业方面的伤疤效应。我们得出的结论是，新冠肺炎让本届政府雄心勃勃的雄心壮志--将英国被遗忘和留在后面的城镇-新冠肺炎
In this commentary, we trace the economic and spatial consequences of the Covid-19 pandemic in terms of potential business failure and the associated job losses across the 100 largest cities and towns in the United Kingdom (UK). The article draws on UK survey data of 1500 firms of different size classes examining levels of firm-level precautionary savings. On business failure risk, we find a clear and unequal impact on poorer northern and peripheral urban areas of the UK, indicative of weak levels of regional resilience, but a more random distribution in terms of job losses. Micro firms and the largest firms are the greatest drivers of aggregate job losses. We argue that spatially blind enterprise policies are insufficient to tackle the crisis and better targeted regional policies will be paramount in the future to help mitigate the scarring effects of the Covid-19 pandemic in terms of firm failures and the attendant job losses. We conclude that Covid-19 has made the stated intention of the current government's ambition to 'level up' the forgotten and left-behind towns and cities of the UK an even more distant policy objective than prior to the crisis.