Fraser of Allander Institute
| Abbreviation | FAI |
|---|---|
| Formation | 1975 |
| Type | Research institute |
| Location | |
Director | Mairi Spowage |
Parent organization | University of Strathclyde |
| Website | www.strath.ac.uk/fraser Official blog |
The Fraser of Allander Institute, abbreviated as FAI, is an independent research unit and part of the Department of Economics at the University of Strathclyde. It specialises in researching the Scottish economy.
History
The Fraser of Allander Institute was formed by the University of Strathclyde in 1975.[1] Its primary goal is to research the Scottish economy. It is based in Glasgow, Scotland.
From 2017, Deloitte announced that they would be acting as the main sponsor of the Fraser of Allander Institute Economic Commentary.[2]
Research overview
Allander series
The Allander series was produced by the FAI to study the economic future of Scotland. The series has had contributions from a number of notable economists. These have included Heather Joshi, Robert E. Wright and Nicholas Crafts.[3] Other notable contributors include James Heckman and Paul Krugman, both winners of the Nobel prize in Economics, as well as William Baumol who was shortlisted for the Nobel prize in Economics.
The series has led to a number of publications, research papers, a lecture series and literature specialising in the regional context.[4] The content from the series has contributed to building various economic models and strategies, including the Scottish government's economic strategy.[5]
Notable outputs
In March 2018, the FAI released its economic commentary on the Scottish economy.[6]
Commissioned works
Specialist research
In 2014, the FAI produced a paper studying the links between constitutional change and inequality affected Scotland. It was published in the Oxford Review of Economic Policy.[7]
Following the Brexit vote, the FAI carried out research into the potential effects of Brexit on different sectors within the Scottish economy. The study covered the various outcomes of Brexit and how it could affect Scotland. A bad outcome for Scotland could result in a reduction in GDP of £8 billion, jobs by 80,000 and wages an average of £2,000 per year.[8] While the report showed that a Hard Brexit could lead to problems, it was stated that some sectors in Scotland would fare quite well, when compared to the rest of the UK.[9] In August 2018, the FAI has published a survey of Scottish businesses on their preparations for Brexit. The survey found that 44% of the Scottish businesses had noted a negative impact since the referendum on European Union membership.[10]
Consultancy projects
The FAI studied the economic impact of college graduates in Scotland. The research showed that colleges could generate £20 billion for the Scottish economy.[11]
In March 2018, the FAI was commissioned to research the economic impact of the commercial property sector on the Scottish economy. According to the data the sector contributed £2.4 billion to the Scottish economy.[12]
The FAI have also studied the economic impact of the pharmaceutical sector in Scotland.[13]
References
- ^ "Economic institute eyes research growth". BBC News. 2 February 2016. Retrieved 30 August 2018.
- ^ "Fraser of Allander in partnership with accountant". HeraldScotland. 6 September 2017. Retrieved 30 August 2018.
- ^ "Allander Series". HeraldScotland. 16 February 2004. Retrieved 30 August 2018.
- ^ "Strength in numbers". Retrieved 30 August 2018.
- ^ Scottish Government (13 November 2007). "The Government Economic Strategy". www.gov.scot. Retrieved 30 August 2018.
- ^ "SNP's economic policy under fire as growth flatlines". Retrieved 30 August 2018.
- ^ Comerford, D.; Eiser, D. (1 June 2014). "Constitutional change and inequality in Scotland". Oxford Review of Economic Policy. 30 (2): 346–373. doi:10.1093/oxrep/gru014. hdl:1893/20100. ISSN 0266-903X.
- ^ "Brexit 'could cost Scotland 80,000 jobs'". BBC News. 6 October 2016. Retrieved 30 August 2018.
- ^ "A 'Hard Brexit' will kill 80,000 Scottish jobs but still cause a wave of migration to Scotland". Business Insider. Retrieved 30 August 2018.
- ^ Cameron, Greig (7 August 2018). "Scottish business split on Brexit impact". The Times. ISSN 0140-0460. Retrieved 30 August 2018.
- ^ "Scottish colleges 'could generate £20bn'". BBC News. 27 September 2017. Retrieved 30 August 2018.
- ^ "Real estate sector valued at £2.4bn". BBC News. 7 March 2018. Retrieved 30 August 2018.
- ^ "Cross Party Group on Life Sciences: Minute of the meeting: Tuesday, 28 November 2017" (PDF). The Scottish Parliament. Retrieved 30 August 2018.