The political economy of financing Scottish government considering a new constitutional settlement for Scotland

Can the UK survive widespread dissatisfaction in both Scotland and England with the financing of public spending by Scotland's parliament? This timely book explains how fiscal autonomy could raise economic growth and efficiency in Scotland- to the benefit of both Scotland and the rest of the Un...

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Main Author: Hallwood, Paul
Corporate Author: Edward Elgar Publishing
Other Authors: MacDonald, Ronald
Format: eBook
Language:English
Published: Cheltenham Edward Elgar c2009
Series:Studies in fiscal federalism and state-local finance
Subjects:
Online Access:
Collection: Edward Elgar eBooks Archive 1993-2015 - Collection details see MPG.ReNa
Summary:Can the UK survive widespread dissatisfaction in both Scotland and England with the financing of public spending by Scotland's parliament? This timely book explains how fiscal autonomy could raise economic growth and efficiency in Scotland- to the benefit of both Scotland and the rest of the United Kingdom. The authors discuss how other reform proposals - which amount to cutting Scotland's block grant - would fail as they would not be seen in Scotland as legitimate. They conclude that fiscal autonomy would be accepted as it reduces Scotland's democratic deficit in public spending, and would go a long way toward reducing vertical and horizontal imbalances in the UK
1. Introduction -- 2. Searching for a politically and economically rational public funding model for Scotland -- 3. The economic case for fiscal devolution -- 4. Objectives of an effective fiscal federal system -- 5. Fiscal federalism : a Scottish perspective -- 6. The case for Scottish fiscal autonomy -- 7. A restatement of the case for Scottish fiscal autonomy -- 8. Fiscal devolution in some other countries -- 9. Empirical evidence : tax devolution and prosperity -- 10. A separate currency for Scotland? -- 11. Conclusion
Physical Description:xiv, 146 p ill
ISBN:9781848449183
9781848440425
1848440421