Growth incentives and devolved fiscal systems
Lisenkova, Katerina and Greig, Alastair and McGregor, Peter G. and Roy, Graeme and Swales, J. K. (2022) Growth incentives and devolved fiscal systems. Regional Studies, 56 (10). pp. 1744-1756. ISSN 0034-3404 (https://doi.org/10.1080/00343404.2021.2006172)
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Abstract
This paper explores the characteristics of a range of stylized devolved fiscal systems that have been applied, or proposed, as a means of funding the devolved Scottish government. The central aim is to identify those schemes that most effectively provide incentives for the pursuit of growth-promoting policies by the regional government. Using simulations with an intertemporal, computable general equilibrium model for Scotland, it did not prove possible to uniquely rank a range of devolved fiscal systems in terms of the extent of growth incentive they provide. Moreover, rather counterintuitively, tax-sharing regimes do not necessarily improve growth incentives relative to more basic block grants.
ORCID iDs
Lisenkova, Katerina ORCID: https://orcid.org/0000-0003-0264-9797, Greig, Alastair, McGregor, Peter G. ORCID: https://orcid.org/0000-0003-1221-7963, Roy, Graeme and Swales, J. K.;-
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Item type: Article ID code: 78626 Dates: DateEvent3 October 2022Published23 December 2021Published Online22 October 2021AcceptedNotes: The core data used in this study are the Scottish Input Output table for 2013. For Scottish government-produced tables, see https://www.gov.scot/publications/input-output-latest/. Subjects: Social Sciences > Communities. Classes. Races > Regional economics. Space in economics Department: Strategic Research Themes > Society and Policy
Strathclyde Business School > Fraser of Allander Institute
Strathclyde Business School > EconomicsDepositing user: Pure Administrator Date deposited: 18 Nov 2021 10:13 Last modified: 01 Sep 2024 01:32 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/78626