Scotland would not be better off as an independent nation: results from the Centre for Macroeconomics June Survey
Angus Armstrong, Francesco Caselli, Jagjit Chadha, Wouter den Haan 07 June 2014
Would Scotland be better off in economic terms as an independent country? Not according to an overwhelming majority of respondents to the third monthly survey of the Centre for Macroeconomics (CFM), summarised in this column. As the Scottish electorate prepares to vote on independence in September, a smaller majority of the CFM experts agree that the UK would be acting in its own economic interests by ruling out a monetary union with an independent Scotland.
The Centre for Macroeconomics (CFM) - an ESRC-funded research centre including the University of Cambridge, the London School of Economics (LSE), University College London (UCL) and the National Institute of Economic and Social Research (NIESR) - is today publishing the results of its third monthly survey. The surveys are designed to inform the public about the views held by leading UK-based macroeconomists on important questions about macroeconomics and public policy.
Politics and economics
devolution, Scotland, Scottish independence
Income inequality, decentralisation, and regional development in Western Europe
Vassilis Tselios, Andrés Rodríguez-Pose, Andy Pike, John Tomaney, Gianpiero Torrisi 15 October 2011
Devolution can have incongruous effects on equality. Decentralisation of powers and resources to lower tiers of government can either increase or reduce interpersonal inequalities, depending on characteristics of the devolved region. This column uses data from regions of Western Europe to show that greater fiscal decentralisation is associated with lower income inequality.
Devolution is a global trend, advocated by international organisations, including both the World Bank and the OECD, as a mechanism for achieving local prosperity. Decentralisation of powers and resources to lower tiers of government can – under different circumstances and in different contexts – contribute to both an increase and a reduction interpersonal inequalities.
Decentralisation can reduce interpersonal inequalities by:
Productivity and Innovation
Inequality, decentralisation, devolution