Economics of devolution/decentralization in the UK: Some questions and answers
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.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 39 (2005)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/CRES20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/CRES20|