Practice running ahead of theory? Political economy and the economic lessons of UK devolution

Brownlow, Graham

doi:10.1093/cjres/rsx015

Cited by 5 publications

(5 citation statements)

References 25 publications

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“…In short the 'institutional geography' -the term given to the links between institutions and economic outcomes -matter in thinking about the desirability and feasibility of devolving corporate taxation. Despite its importance within the contemporary regional economics literature, institutional geography has proven difficult to define; elsewhere I've summarised it as follows (Brownlow, 2017…”

Section: Vote Of Thanks Proposed By Graham Brownlow Queen's Managemementioning

confidence: 99%

US Corporate Tax Rate Cuts: Spillovers to the Irish Economy

Clancy¹

2019

SSRN Journal

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We examine spillovers to the Irish economy from US corporate income tax rate cuts and find they lead to a small but persistent increase in Irish economic output. Our analysis of the transmission channels shows that an increase in investment, employment and exports in the externally-financed industrial sector largely drives this expansion. We also find that output spillovers from US corporate income tax cuts are larger when there is slack in the Irish labour market. Our findings suggest that the changing structure of the Irish economy means any spillovers to real economic activity from the recent US corporate tax cuts could be relatively minor. However, the larger presence and shifting focus of foreign multinational corporations' operations in Ireland means lessons from past US corporate tax cuts may be of limited value in predicting the effects of the recent US tax system reform.

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Section: Vote Of Thanks Proposed By Graham Brownlow Queen's Managemementioning

confidence: 99%

US Corporate Tax Rate Cuts: Spillovers to the Irish Economy

Clancy¹

2019

SSRN Journal

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“…In the 'first generation' fiscal federalism literature, the benefits from competition associated with interregional migration were supposed to ensure public sector provision and mechanisms best matched voter preferences (Hamlin, 1991;Oates, 1972Oates, , 2005Tiebout, 1956). In this earlier approach, the decentralised systems offered dividends in a number of ways based on alleged greater accountability and capacity for policy innovation (Hamlin, 1991;Rodriguez-Pose and Gill, 2005;Brownlow, 2017). It is notable that the Independent Fiscal Commission for NI in its interim report made reference to empirical studies of these alleged 'economic dividends'.…”

Section: Institutional Geography Applied To Ni: the Limits Of 'Econom...mentioning

confidence: 99%

“… 1 For some concrete observations regarding the links between these theoretical models and the experience of devolution found in parts of the UK, see Brownlow (2017) and Budd (2016). …”

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confidence: 99%

“…For some concrete observations regarding the links between these theoretical models and the experience of devolution found in parts of the UK, seeBrownlow (2017) andBudd (2016).2 There are good public goods and risk pooling rationales for why some goods and services (such as national defence, foreign affairs and national debt management) are better left as 'reserved' matters(Armstrong and Ebell, 2014, p. F5).3 The Barnett formula is the public financial settlement used in the UK to allocate public expenditure. It was introduced in Scotland, Northern Ireland and Wales between 1979 and 1980.…”

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confidence: 99%

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Institutional Geography Once More? Devolution Economics Northern Ireland Style

Brownlow

2022

NIER

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In this paper, we investigate devolution in the Northern Irish context. The role of institutional geography is highlighted. Both contemporary and historical (c. 1921–1972) devolution models are discussed. It is argued that institutional factors provide explanations for economic weaknesses found under both devolution models. The evidence presented suggests that the institutional geography has both changed and exhibited continuities and we discuss these features in relation to contemporary issues. In particular, it is argued that institutional geography considerations have shaped the creation of the current review of tax devolution as well as the creation of an independent fiscal council.

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“…For more information on the costs and benefits of decentralising taxation in the Northern Irish case see (Budd ; Birnie and Brownlow ). For a discussion of the institutional economics applied to the devolution project in Scotland, Wales and Northern Ireland, see Brownlow ().…”

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Rebalancing and Regional Economic Performance: Northern Ireland in A Nordic Mirror

Brownlow¹,

Birnie²

2018

Economic Affairs

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Northern Ireland has been characterised as having an excessively large public sector. This characterisation has led some to explain poor regional economic performance in terms of 'crowding out'. This diagnosis has been used to justify a policy of 'rebalancing' and the region copying its southern neighbour's lower rate of corporation tax. The experience of large public sectors in the Nordic economies seems however to suggest that higher public spending is not necessarily damaging. This argument is examined critically. Rodrik's comparative institutional analysis indicates that in the Nordics a large public sector was the result of building a successful tradable private sector rather than its cause. In terms of the possible 'economic dividend' from devolution we suggest that a Hayekian insight is better: no 'silver bullets' exist.JEL codes: O25, O52, R11, R50.

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Practice running ahead of theory? Political economy and the economic lessons of UK devolution

Cited by 5 publications

References 25 publications

US Corporate Tax Rate Cuts: Spillovers to the Irish Economy

US Corporate Tax Rate Cuts: Spillovers to the Irish Economy

Institutional Geography Once More? Devolution Economics Northern Ireland Style

Rebalancing and Regional Economic Performance: Northern Ireland in A Nordic Mirror

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