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Economics of devolution/decentralization in the UK: Some questions and answers
McGregor P. G. and Swales K. (2005) Economics of devolution/decentralization in the UK: some questions and answers, Regional Studies 39 , 477–494. The paper explores the economic implications of the radical process of devolution, decentralization and delegation of decision‐making and policy delivery initiated by the post‐1997 UK Labour Government. It is argued that the economies of all the presently devolved regions ultimately suffer if the Barnett Formula is rigorously imposed. It is shown that the efficiency of devolving fiscal authority involves a balance of positive and negative elements (depending on wage bargaining and migration responses). It is then argued that delegation/devolution of regional economic development policies, while exploiting regional information advantages, neglects regional economic interdependence, so there are potential gains from greater cooperation/coordination.
Economics of devolution/decentralization in the UK: Some questions and answers
McGregor P. G. and Swales K. (2005) Economics of devolution/decentralization in the UK: some questions and answers, Regional Studies 39 , 477–494. The paper explores the economic implications of the radical process of devolution, decentralization and delegation of decision‐making and policy delivery initiated by the post‐1997 UK Labour Government. It is argued that the economies of all the presently devolved regions ultimately suffer if the Barnett Formula is rigorously imposed. It is shown that the efficiency of devolving fiscal authority involves a balance of positive and negative elements (depending on wage bargaining and migration responses). It is then argued that delegation/devolution of regional economic development policies, while exploiting regional information advantages, neglects regional economic interdependence, so there are potential gains from greater cooperation/coordination.
Economics of devolution/decentralization in the UK: Some questions and answers
Mcgregor, Peter (author) / Swales, Kim (author)
Regional Studies ; 39 ; 477-494
2005-06-01
18 pages
Article (Journal)
Electronic Resource
Unknown
Economics of devolution , Decentralization , Fiscal federalism , Barnett Formula , Tartan tax , Regional economic development , Economie de la décentralisation , Décentralisation , Fédéralisme fiscal , Formule Barnett , Taxe écossaise , Aménagement du territoire , Wirtschaftliche Seite der Machtübertragung , Dezentralisation , Finanzföderalismus , Barnettsche Formel , Regionalwirtschaftliche Entwicklung , Implicaciones económicas de la descentralización , Delegación de poderes , Federalismo fiscal , Fórmula de Barnett , Impuesto Tartan , Desarrollo económico regional , JEL classifications: H1, H7, R1, R5
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