If You Want Me to Stay, Pay: A Model of Asymmetric Federalism in Centralised Countries

Claeys, Peter; Martire, Federico

doi:10.2139/ssrn.1304045

Cited by 3 publications

(3 citation statements)

References 26 publications

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“…It would, we argue, entail difficult fiscal and economic policy choices to address Wales’ balance of payments deficit. Sub-state nations with credible secession threats sometimes enjoy stronger fiscal support (Claeys and Martire, 2015); ironically, the potential roadblock Wales’ fiscal position presents to independence may further weaken the prospect of public investment support from the UK government.…”

Section: Discussionmentioning

confidence: 99%

Devolution, Independence and Wales’ Fiscal Deficit

Ifan

Siôn

Wincott

2022

NIER

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Debate around Wales’ place in the United Kingdom has intensified over recent years, with radically differing visions for the union of the Welsh and UK governments emerging alongside growing (though still minority) support for Welsh independence. This article argues that these constitutional debates must be considered alongside Wales’ current fiscal position. Wales’ estimated fiscal deficit is reflective of long-standing economic underperformance as part of the UK, which we argue is unlikely to be addressed under current economic, fiscal and constitutional arrangements. On the other hand, it also suggests a difficult economic outlook for an independent Wales, which would require tough fiscal and economic choices to address Wales’ apparent balance of payments deficit.

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Section: Discussionmentioning

confidence: 99%

Devolution, Independence and Wales’ Fiscal Deficit

Ifan

Siôn

Wincott

2022

NIER

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“…Asymmetries may be a useful instrument for dealing with this diversity. Of course, if they involve substantial financial advantages, the whole system becomes more complex to manage (Claeys and Martire, 2015). However, this may be the only way of accommodating wide differences among regions with regard meta-preferences on the extent of decentralisation.…”

Section: To Conclude: Lessons From the Spanish Decentralisation Processmentioning

confidence: 99%

“…For the regions, the return to a strategy of demanding additional resources from central government is attractive, but this would diminish the potential advantages of decentralisation, including accountability and fiscal responsibility. The alternative strategy consists in endowing the regions with greater tax autonomy (Claeys and Martire, 2015). Regional incumbents should be able to choose the optimal level of taxes and expenditure according to citizens' preferences (Lago-Pen˜as and Martı´nez-Va´zquez, 2010).…”

Section: To Conclude: Lessons From the Spanish Decentralisation Processmentioning

confidence: 99%

Spanish fiscal decentralization: A successful (but still unfinished) process

Peñas

Fernández-Leiceaga

Vaquero-García

2017

Environment and Planning C: Politics and Space

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Both fiscal and political decentralization have been a worldwide trend in recent decades. Spain is probably the best example of this evolution, insofar as it became one of the most decentralized countries in the world in just over three decades, departing for a highly centralized institutional framework. This paper aims to conduct a detailed analysis of this process, focusing on the fiscal aspects. While we show the successful aspects, we also point out its shortcomings and failures. Those lessons from Spain can be very useful for centralized or low decentralized countries involved in designing institutional reforms to become more decentralized. Our second aim is to review the way in which the Spanish sub-central levels of government have responded to the so-called “Great recession”. Again, Spain is a good laboratory for what actually works and what does not in the area of stability and fiscal sustainability in decentralized states, for two reasons. First, it is by far the country which has suffered the brunt of the economic and financial crisis most acutely among those with a federal structure. And second, subsequent different solutions for tackling the fiscal crisis of sub-central governments have been tested.

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Political economy of fiscal unions

Fidrmuc

2015

European Journal of Political Economy

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If You Want Me to Stay, Pay: A Model of Asymmetric Federalism in Centralised Countries

Cited by 3 publications

References 26 publications

Devolution, Independence and Wales’ Fiscal Deficit

Devolution, Independence and Wales’ Fiscal Deficit

Spanish fiscal decentralization: A successful (but still unfinished) process

Political economy of fiscal unions

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