Lisenkova, K., Greig, A., McGregor, P. G., Roy, G. and Swales, J. K. (2022) Growth incentives and devolved fiscal systems. Regional Studies, 56(10), pp. 1744-1756. (doi: 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.
Item Type: | Articles |
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Status: | Published |
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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