McGregor, P.G. and Swales, K. (2005) Economics of devolution/decentralization in the UK: some questions and answers. Regional Studies, 39 (4). pp. 477-494. ISSN 0034-3404
Full text not available in this repository. (Request a copy from the Strathclyde author)Abstract
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.
| Item type: | Article |
|---|---|
| ID code: | 3902 |
| Keywords: | economics of devolution, decentralization, fiscal federalism, Barnett Formula, Tartan tax, regional economic development, Economic History and Conditions, Scotland, Economic Theory |
| Subjects: | Social Sciences > Economic History and Conditions Political Science > Political institutions (Europe) > Scotland Social Sciences > Economic Theory |
| Department: | Strathclyde Business School > Economics |
| Related URLs: | |
| Depositing user: | Strathprints Administrator |
| Date Deposited: | 23 Aug 2007 |
| Last modified: | 04 Oct 2012 11:54 |
| URI: | http://strathprints.strath.ac.uk/id/eprint/3902 |
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