|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||The impact of the Barnett formula on the Scottish economy: endogenous population and variable formula proportions|
McGregor, Peter G
Swales, J Kim
|Citation:||Ferguson L, Learmonth D, McGregor PG, Swales JK & Turner K (2007) The impact of the Barnett formula on the Scottish economy: endogenous population and variable formula proportions, Environment and Planning A, 39 (12), pp. 3008-3027.|
|Abstract:||The Barnett formula is the official basis upon which increments to public funds are allocated to the devolved regions of the UK for those parts of the budget that are administered locally. There is considerable controversy surrounding the implications of its strict application for the relevant regions. The existing literature focuses primarily on the equity of the spatial changes to government per capita expenditure that would accompany such a change. In contrast, in this paper we attempt to quantify the system-wide economic consequences-the real, relative resource squeeze that accompanies the financial relative squeeze-on one devolved region, Scotland. The analysis uses a multisectoral regional computable general equilibrium modelling approach. We highlight the importance of population endogeneity, particularly since the population proportions used in the formula are now regularly updated.|
|Rights:||Publisher policy allows this work to be made available in this repository. Ferguson L, Learmonth D, McGregor PG, Swales JK & Turner K (2007) The impact of the Barnett formula on the Scottish economy: endogenous population and variable formula proportions, Environment and Planning A, 39 (12), pp. 3008-3027. http://www.envplan.com/abstract.cgi?id=a38254|
|Ferguson et al Environment and Planning A 2007_Turner final version.pdf||378.58 kB||Adobe PDF||View/Open|
This item is protected by original copyright
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
If you believe that any material held in STORRE infringes copyright, please contact firstname.lastname@example.org providing details and we will remove the Work from public display in STORRE and investigate your claim.