SE/2006/105: Laid before the Scottish Parliament by the Scottish Ministers, June 2006
ISBN 0 7559 5159 X
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Contents
Preface
1 Scottish Economy: Recent Developments and Future Prospects
1.1 Overview
1.2 Recent Performance
1.2.1 Output
1.2.2 Labour market
1.3 Sectoral Performance
1.3.1 Service Sector
1.3.2 Financial Services in Focus
1.3.3 Retail in Focus
1.3.4 Manufacturing Sector
1.3.5 Agriculture Sector
1.3.6 Construction
1.3.7 Oil and Gas
1.4 Housing Market
1.4.1 First-Time Buyers
1.4.2 House and Land Prices
1.4.3 Affordability
1.4.4 Market Outlook for 2006
1.5 Future Prospects
1.6 Summary of Main Economic Indicators
2 Global, European and UK Economic Developments
2.1 Scotland in the Global Context
2.1.1 Scotland's Trade
2.2 UK Economy
2.2.1 Output and Demand
2.2.2 Labour Market
2.2.3 Inflation and Monetary Policy
2.2.4 Public Finances
2.3 Global Developments
2.3.1 Euro Area
2.3.2 Eastern Europe
2.3.3 Russia
2.3.4 North America
2.3.5 Japan
2.3.6 China
2.3.7 India
3 The Framework for Economic Development in Scotland
3.1 Sustainable Economic Growth: The New Sustainable Development Strategy for Scotland
3.1.1 Introduction
3.1.2 Context
3.1.3 Scotland's Sustainable Development Strategy
3.1.4 Well-being of Scotland's People
3.1.5 Supporting Thriving Communities
3.1.6 Protecting Scotland's Natural Heritage and Resources
3.1.7 Scotland's Global Contribution
3.1.8 Putting the Sustainable Development Strategy into Practice
3.1.9 Summary
3.2 Business Growth in Scotland
3.2.1 Introduction
3.2.2 Context
3.2.3 Business Start-Ups
3.2.4 FDI
3.2.5 Growing Firms
3.2.6 Entrepreneurial Attitudes
3.2.7 Access to Finance
3.2.8 Innovation
3.2.9 Skills and Learning
3.2.10 Conclusion
4 Selected Economic Issues
4.1 Skills and Scotland's Economy: Help or Hindrance?
4.1.1 Introduction
4.1.2 Scotland in an International Context
4.1.3 What Employers Report
4.1.4 Recent Migration to Scotland from the EU Accession States
4.1.5 Wider Indicators of Economic Performance
4.1.6 Conclusions
4.2 Social Services Labour Market
4.2.1 Introduction
4.2.2 Employment Growth
4.2.3 Male and Female Employment
4.2.4 Full-time and Part-time Employment
4.2.5 Age Profile
4.2.6 Vacancy Rates
4.2.7 Qualifications and Registration
4.2.8 Human Capital
4.2.9 Challenges
4.2.10 Maximising Human Capital
4.2.11 Total Factor Productivity
4.2.12 Demographics
4.2.13 Conclusions
This is the thirteenth edition of the Scottish Economic Report ( SER). It is published twice-yearly and incorporates a review of the progress and prospects for the Scottish economy, together with a review of the broader economic context in which the Scottish economy is set, as well as a selection of summary articles of key topical interest.
This thirteenth edition of the Scottish Economic Report has four main sections:
- Chapter 1: The Scottish Economy: Recent Developments and Future Prospects, provides an overview of the Scottish economy. This section summarises the recent developments and future prospects for the Scottish economy.
- Chapter 2: Global, European and UK Economic Developments demonstrates the linkages between Scotland and the wider economic environment. The chapter provides a synopsis of economic developments in the United Kingdom, European, and global economies.
- Chapter 3: This chapter discusses the Executive's key policies for growing the economy, through outlining the progress in taking forward the key elements of the Framework for Economic Development in Scotland. This edition focuses on the new Sustainable Development Strategy, as well as the Executive's response to the Enterprise & Culture Committee's Business Growth report.
- Chapter 4: Selected Economic Issues provides an opportunity for brief surveys of selected economic issues to be presented.