Will the benefits of fiscal devolution outweigh the costs? Considering Scotland's new fiscal framework. Issue 10 (2nd October 2020)

• Record Type: Journal Article
• Authors: Eiser, David
• Is Part Of: Regional studies. Volume 54:Issue 10(2020)
• Page Start: 1457
• Page End: 1468
• Publication Date: 2020-10-02
• Subjects: fiscal federalism -- devolution -- Scotland; H71 -- H72 -- H77 -- R50; Regional planning -- Periodicals; Regional planning -- Great Britain -- Periodicals; 307.14
• DOI: 10.1080/00343404.2020.1782875
• Languages: English
• ISSNs: 0034-3404

Abstract

ABSTRACT: An extensive programme of fiscal devolution to the Scottish Parliament is underway. Fiscal devolution is expected to bring several benefits, including the ability to align policy more closely to preferences, and enhancing the accountability of the devolved parliament. But it can entail costs in the form of diseconomies of scale, complexity for taxpayers, and various inequities and inefficiencies. This paper reviews Scotland's new devolved fiscal settlement and considers the extent to which it is realizing the benefits that were intended, and how these compare with the costs and risks.