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Continuity and Evolution in an Old Industrial Region: The Labour Market Dynamics of the Rise and Fall of Northern Rock

Lookup NU author(s): Dr Stuart Dawley, Professor Neill Marshall, Professor Andy Pike, Professor Jane Pollard, Professor John Tomaney

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).


Abstract

The Northern Rock mortgage bank was a high profile casualty of the credit crunch in 2007. An evolutionary geographical political economy approach demonstrates that Northern Rock’s growth and decline was shaped by its location in an old industrial region, and echoes the historical position of the peripheral region in the spatial division of labour. A longitudinal investigation focuses on the labour market dynamics of Northern Rock’s rapid growth and decline on the North East of England. The Northern Rock case highlights the enduring occupational structure of the region’s labour market, and shows how older industrial regions suffer from a process of ‘occupational disadvantage’ that restricts their ability to adapt to economic change


Publication metadata

Author(s): Dawley S, Marshall JN, Pike A, Pollard J, Tomaney J

Publication type: Article

Publication status: Published

Journal: Regional Studies

Year: 2014

Volume: 48

Issue: 1

Pages: 154-172

Print publication date: 01/01/2014

Online publication date: 11/05/2012

ISSN (print): 0034-3404

ISSN (electronic): 1360-0591

Publisher: Routledge

URL: http://dx.doi.org/10.1080/00343404.2012.669473

DOI: 10.1080/00343404.2012.669473


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