ISBN 0 7559 4888 2
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Preface
1 SCOTTISH ECONOMY: RECENT DEVELOPMENTS AND FUTURE PROSPECTS
1.1 RECENT PERFORMANCE
1.1.1 Output
1.1.2 Labour Market
1.2 SECTORAL PERFORMANCE
1.2.1 Service Sector
1.2.2 Manufacturing
1.2.3 Agriculture
1.2.4 Construction
1.2.5 Oil & Gas
1.3 HOUSING
1.3.1 Scottish Housing Market at the Regional Level s
1.4 FUTURE PROSPECTS
1.5 SUMMARY OF MAIN ECONOMIC INDICATORS
2 GLOBAL, EUROPEAN AND UK ECONOMIC DEVELOPMENTS
2.1 SCOTLAND IN THE GLOBAL, EU AND UK CONTEXT
2.2 UK ECONOMY
2.2.1 Overview
2.2.2 Output and Demand
2.2.3 Labour Market
2.2.4 Public Finances
2.2.5 Monetary Policy
2.2.6 Housing Market
2.3 GLOBAL DEVELOPMENTS
2.3.1 Euro Area
2.3.2 North America
2.3.3 Asia
2.3.4 Developing and Transition Economies
3 THE FRAMEWORK FOR ECONOMIC DEVELOPEMENT IN SCOTLAND
3.1 INFRASTRUCTURE INVESTMENT & ECONOMIC GROWTH
3.1.1 Introduction
3.1.2 Context
3.1.3 The Economic Value of Infrastructure
3.1.4 UK Government Actions
3.1.5 Scottish Executive Actions
3.1.6 Other Actions to Ensure More Effective Investment
3.1.7 Summary
4 SELECTED ECONOMIC ISSUES
4.1 Scotland's Public Sector and Economic Growth
4.1.1 Introduction
4.1.2 The Public Sector's Contribution to the Scottish Economy
4.1.3 The Size of the Public Sector
4.1.4 Expenditure Trends and Influences
4.1.5 Government Revenue
4.1.6 Public Sector Employment
4.1.7 Empirical Evidence linking Government and Economic Growth
4.1.8 Demand-Side Impacts
4.1.9 Supply-side Impacts
4.1.10 Employment Effects
4.1.11 Efficiency - Value for Money
4.1.12 Burden of Taxation
4.1.13 Fiscal Balance
4.1.14 Summary
4.2 Creating a Smart, Successful Highlands and Islands
4.2.1 Introduction
4.2.2 The Strategic Framework
4.2.3 Economic Progress in the Highlands and Islands
4.2.4 Consultation
4.2.5 Findings
4.2.6 Contributors to a Successful Highlands and Islands Economy
4.2.7 Five Crucial Contributors to Success
4.2.8 How will HIE Support Economic Development?
4.2.9 Conclusion