Growth incentives and devolved fiscal systems

Lisenkova, K., Greig, A., McGregor, P. G., Roy, G. and Swales, J. K. (2021) Growth incentives and devolved fiscal systems. Regional Studies, (doi: 10.1080/00343404.2021.2006172) (Early Online Publication)

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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.

Item Type:Articles
Status:Early Online Publication
Refereed:Yes
Glasgow Author(s) Enlighten ID:Roy, Professor Graeme
Authors: Lisenkova, K., Greig, A., McGregor, P. G., Roy, G., and Swales, J. K.
College/School:College of Social Sciences
College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Regional Studies
Publisher:Taylor & Francis
ISSN:0034-3404
ISSN (Online):1360-0591
Published Online:23 December 2021

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