Economics of devolution/decentralization in the UK: Some questions and answers
Peter McGregor and
John Swales ()
Regional Studies, 2005, vol. 39, issue 4, 477-494
Abstract:
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.
Keywords: Economics of devolution; Decentralization; Fiscal federalism; Barnett Formula; Tartan tax; Regional economic development; Economie de la decentralisation; Decentralisation; Federalisme fiscal; Formule Barnett; Taxe ecossaise; Amenagement du territoire; Wirtschaftliche Seite der Machtubertragung; Dezentralisation; Finanzfoderalismus; Barnettsche Formel; Tartan tax; Regionalwirtschaftliche Entwicklung; Implicaciones economicas de la descentralizacion; Delegacion de poderes; Federalismo fiscal; Formula de Barnett; Impuesto Tartan; Desarrollo economico regional; JEL classifications: H1; H7; R1; R5 (search for similar items in EconPapers)
Date: 2005
References: View complete reference list from CitEc
Citations: View citations in EconPapers (16)
Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00343400500128523 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:regstd:v:39:y:2005:i:4:p:477-494
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CRES20
DOI: 10.1080/00343400500128523
Access Statistics for this article
Regional Studies is currently edited by Ivan Turok
More articles in Regional Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().