The impact of the Barnett formula on the Scottish economy: endogenous population and variable population proportions
Ferguson, Linda and Learmonth, David and McGregor, Peter G. and Swales, J. Kim and Turner, Karen (2007) The impact of the Barnett formula on the Scottish economy: endogenous population and variable population proportions. Environment and Planning A, 39 (12). pp. 3008-3027. ISSN 0308-518X (http://dx.doi.org/10.1068/a38254)
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The Barnett formula is the official basis upon which increments to public funds are allocated to the devolved regions of the UK for those parts of the budget that are administered locally. There is considerable controversy surrounding the implications of its strict application for the relevant regions. The existing literature focuses primarily on the equity of the spatial changes to government per capita expenditure that would accompany such a change. In contrast, in this paper we attempt to quantify the system-wide economic consequences-the real, relative resource squeeze that accompanies the financial relative squeeze-on one devolved region, Scotland. The analysis uses a multisectoral regional computable general equilibrium modelling approach. We highlight the importance of population endogeneity, particularly since the population proportions used in the formula are now regularly updated.
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Item type: Article ID code: 7252 Dates: DateEvent2007PublishedSubjects: Social Sciences > Commerce Department: Strathclyde Business School > Economics
Strathclyde Business School > Fraser of Allander InstituteDepositing user: Strathprints Administrator Date deposited: 08 Dec 2008 14:09 Last modified: 08 Apr 2024 16:09 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/7252