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Publication - Report

Council of Economic Advisers: annual report 2015-2016

Published: 14 Oct 2016
Part of:
Economy
ISBN:
9781786521637

An overview of how the Council operates, and the areas they focused on from 2015 to 2016.

44 page PDF

806.5kB

44 page PDF

806.5kB

Contents
Council of Economic Advisers: annual report 2015-2016
Footnotes

44 page PDF

806.5kB

Footnotes

1. The Scottish Government also publishes details of the expenses associated with Council meetings. These expenses mainly relate to travel and accommodation costs for members. Council members are appointed on a voluntary (personal) basis and do not receive any direct remuneration. More information can be found at: http://www.scotland.gov.uk/Topics/Economy/Council-Economic-Advisers/disclosures.

2. Data correct as of 5 th August 2016.

3. All data used in this chapter is correct as of 5 th August 2016.

4. Useful summaries of the recent literature on this topic can be found in OECD (2015), In It Together: Why Less Inequality Benefits All; Dabla-Norris et al (2015), Causes and Consequences of Income Inequality: A Global Perspective, IMF Staff Discussion Note, SDN/15/13; and, Corak, M. (2013), "Income Inequality, Equality of Opportunity, and Intergenerational Mobility." Journal of Economic Perspectives, 27(3): 79-102. Examples of the recent literature around the wider impacts of inequalities include: Joseph Rowntree Foundation (2011) 'Does income inequality cause health and social problems?' and, Nowatzki NR (2012), "Wealth Inequality and Health". International Journal of Health Services 42(3) 403-24.

5. Discussions of various factors influencing trends in inequalities can be found in Dabla-Norris et al (2015), Causes and Consequences of Income Inequality: A Global Perspective, IMF Staff Discussion Note, SDN/15/13; OECD (2015), All on Board: Making Inclusive Growth Happen; Atkinson (2015), Inequality: What Can Be Done?; Mueller et al (2015), "Wage Inequality and Firm Growth", LIS Working Paper 632 (March 2015); Song et al (2015), "Firming Up Inequality", NBER Working Paper No. 21199, June 2015; Stiglitz et al (2015), Rewriting the Rules of the American Economy.

6. European Commission: http://ec.europa.eu/europe2020/europe-2020-in-a-nutshell/priorities/inclusive-growth/index_en.htm; OECD (2015), All on Board: Making Inclusive Growth Happen, p80-82; United Nations: International Policy Centre for Inclusive Growth (2013), After All, What is Inclusive Growth?; World Economic Forum: Samans et al (2015), The Inclusive Growth and Development Report 2015, World Economic Forum.

7. Ostry et al (2014), Redistribution, Inequality, and Growth, IMF Staff Discussion Note, SDN/14/02

8. OECD (2012), Economic Policy Reforms: Going for Growth 2012: Chapter 5, "Reducing income inequality while boosting economic growth: can it be done?"; OECD (2015), Going for Growth: Breaking the Vicious Cycle: Chapter 2, "The effect of pro-growth structural reforms on income inequality".

9. This has important implications for development of inclusive growth policies. While consulting international evidence, and learning lessons from other countries' experience, should be a central part of developing new policies, it does not necessarily follow that individual policies that work in other countries will be directly transferable to a Scottish context. Understanding how policy approaches from other countries could operate in a Scottish context is central to their successful adoption.

10. http://www.gov.scot/Topics/Statistics/Browse/Economy/PROD2014

11. http://www.gov.scot/About/Performance/scotPerforms/purposetargets/productivity

12. Labour Force Survey, March-May 2016, ONS

13. Estimates for UK and Scotland from Labour Force Survey, Jan-Mar 2016 and covers those aged 15-64 for employment and inactivity and 15-74 for unemployment. Estimates for the remaining EU countries are from Eurostat, Jan-Mar 2016.

14. Scottish Government (2016), 'Summary statistics for attainment, leaver destinations and healthy living, No. 6: 2016 Edition', supplementary tables.

15. Scottish Government (2016), Poverty and Income Inequality in Scotland: 2014/15

16. Scottish Government (2015), 'Poverty Briefing - Sept 2015.'

17. http://www.gov.scot/About/Performance/scotPerforms/purposetargets/solidarity

18. Labour Force Survey, ONS, March-May 2016

19. Annual Population Survey, ONS, January-December 2015

20. Annual Survey of Hours and Earnings, ONS, 2015

21. Annual Survey of Hours and Earnings; OECD Employment and Labour Market Statistics. The OECD define low pay as below two thirds of the median wage.

22. Bradshaw, P. and Tipping, S (2010) Growing Up In Scotland: Children's social, emotional and behavioural characteristics at entry to primary school.

23. Bradshaw, P. (2011) Growing Up in Scotland: Changes in Child Cognitive Ability in the pre-school years.

24. Scottish Government (2016), 'Summary statistics for attainment, leaver destinations and healthy living, No. 6: 2016 Edition', supplementary tables.

25. Scottish Government (2015), Long-term Monitoring of Health Inequalities

26. http://www.gov.scot/About/Performance/scotPerforms/purposetargets/cohesion

27. Data-zones are a geographical unit used to measure performance in small areas. There are 6,505 data-zones in Scotland.

28. http://simd.scotland.gov.uk/publication-2012/

29. http://simd.scotland.gov.uk/publication-2012/simd-2012-results/outcomes-of-people-living-in-the-most-deprived-areas/

30. Scottish Government (2015), Creating a Fairer Scotland: What Matters to You?

31. For an overview, see Hausmann, R, Rodrik, D, and Velasco, A, (2006) Getting the Diagnosis Right http://www.imf.org/external/pubs/ft/fandd/2006/03/hausmann.htm

32. The following analysis is based on data for 247 signatory firms, and is correct as of May 2016. Data on business size and sector is based on 228 of these 247 businesses, which were able to be matched to the March 2015 extract from the Inter-Departmental Business Register ( IDBR).

33. Medium firms account for 14% of pledge signatories and large firms 17%; these firms respectively account for 2% and 1% of the Scottish business base overall.

34. All data in this chapter is correct as of 5 th August 2016.

35. OECD (2015), OECD Innovation Strategy 2015: An Agenda for Policy Action.

36. Mazzucato, M. and Penna, C (2016), The Brazilian Innovation System

37. European Commission (2016), Regional Innovation Scoreboard 2016.

38. Scottish Government (2016), Gross Expenditure on Research and Development ( GERD) 2014. http://www.gov.scot/Resource/0049/00498541.pdf

39. European Commission (2016), Regional Innovation Scoreboard 2016.

40. Scottish Government (2015), Business Expenditure on Research and Development ( BERD) 2014. http://www.gov.scot/Resource/0049/00491296.pdf

41. European Commission (2016), Regional Innovation Scoreboard 2016.

42. Scottish Government (2015), Business Expenditure on Research and Development ( BERD) 2014. http://www.gov.scot/Resource/0049/00491296.pdf

43. European Commission (2016), Regional Innovation Scoreboard 2016.

44. Mazzucato, M (2013), The Entrepreneurial State.

45. All data in this chapter is correct as of 5 th August 2016.

46. The changes to the Productivity Purpose Target agreed by the Council were incorporated into Scotland's National Performance Framework on Friday 11 th March 2016, and can be seen at: http://www.gov.scot/About/Performance/scotPerforms/purposetargets/productivity

47. https://stats.oecd.org/Index.aspx?DataSetCode=IDD

48. OECD (2014). Focus on Inequality and Growth: http://www.oecd.org/els/soc/Focus-Inequality-and-Growth-2014.pdf

49. The changes to the Solidarity Purpose target agreed by the Council were incorporated into Scotland's National Framework on 11 th March 2016, and can be seen at: http://www.gov.scot/About/Performance/scotPerforms/purposetargets/solidarity

50. http://www.gov.scot/About/Performance/scotPerforms

51. http://www.oecd.org/statistics/better-life-initiative.htm

52. OECD (2015), How's Life? 2015. http://www.oecd.org/std/how-s-life-23089679.htm

53. The information presented in Table 4 uses the data contained in the OECD's How's Life? 2015 report in order to rank Scotland against the OECD panel. For consistency, data for Scotland used in the comparisons refers to the same time periods as the data for OECD member countries used in How's Life? 2015.

54. http://www.gov.scot/About/Performance/scotPerforms/purposetargets/sustainability

55. TSFD (2013), Framework and suggested indicators to measure sustainable development http://www.unece.org/fileadmin/DAM/stats/documents/ece/ces/2013/SD_framework_and_indicators_final.pdf

56. OECD (2015), How's Life? 2015.

57. http://www.gov.scot/About/Performance/scotPerforms/indicator/naturalcapital

58. https://sustainabledevelopment.un.org/sdgs


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