The Impact of the Barnett Formula on the Scottish Economy : a General Equilibrium Analysis

Ferguson, Linda and Learmonth, David and McGregor, Peter and Swales, J Kim and Turner, Karen (2003) The Impact of the Barnett Formula on the Scottish Economy : a General Equilibrium Analysis. Discussion paper. University of Strathclyde, Glasgow.

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Abstract

The Barnett formula is the official basis upon which public funds are allocated to the UK devolved territories - Northern Ireland, Scotland and Wales - for those parts of the budget that are administered locally. In the past, actual allocations have differed markedly from the Barnett benchmarks. However, the recent moves towards devolution in the UK have both significantly increased the level of interest in the formula and further fuelled the controversy surrounding its implications for the regions of the UK.

ORCID iDs

Ferguson, Linda, Learmonth, David, McGregor, Peter ORCID logoORCID: https://orcid.org/0000-0003-1221-7963, Swales, J Kim and Turner, Karen;
CORE (COnnecting REpositories)