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Growth incentives and devolved fiscal systems

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  • Katerina Lisenkova
  • Alastair Greig
  • Peter G. McGregor
  • Graeme Roy
  • J. K. Swales

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.

Suggested Citation

  • Katerina Lisenkova & Alastair Greig & Peter G. McGregor & Graeme Roy & J. K. Swales, 2022. "Growth incentives and devolved fiscal systems," Regional Studies, Taylor & Francis Journals, vol. 56(10), pages 1744-1756, October.
    • Handle: RePEc:taf:regstd:v:56:y:2022:i:10:p:1744-1756
    DOI: 10.1080/00343404.2021.2006172
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