Maximal devolution

Research output: Chapter in Book/Report/Conference proceedingChapter


This contribution presents a case against ‘Devo-max’ or full fiscal autonomy. It argues that the incentives that would accrue to Scottish decision-makers with additional tax devolution need to be balanced by some level of fiscal transfers (or fiscal equalisation) from the UK level in the absence of other mechanisms (such as exchange rate adjustments that jurisdictions with their own currency can have) to act as shock absorbers for economic shocks that would affect Scotland disproportionately.
Original languageEnglish
Title of host publicationBeyond Smith
Subtitle of host publicationContributions to the Continuing Process of Scottish Devolution
Place of PublicationEdinburgh
Number of pages4
Publication statusPublished - 2014


  • devo-max
  • devolution
  • fiscal autonomy


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