Universal Basic Income as an instrument of regional development policy: a micro–macroeconomic analysis for Scotland

Connolly, K., Eiser, D., Kumar, A., McGregor, P. G. and Roy, G. (2021) Universal Basic Income as an instrument of regional development policy: a micro–macroeconomic analysis for Scotland. Regional Studies, (doi: 10.1080/00343404.2021.1957090) (Early Online Publication)

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Abstract

Regional development now encompasses inclusive growth so that welfare spending becomes a potentially important policy for regions with devolved powers. Universal Basic Income (UBI), an unconditional payment to all citizens, has been gaining traction, including internationally. We provide a system-wide analysis of a region-specific UBI for Scotland on the level and distribution of regional activity. Using both micro- and macroeconomic models, we find that although UBI has a beneficial effect on equity among households, it may adversely impact the level of economic activity unless there is a social contract in place and/or there is a substantial stimulus to productivity.

Item Type:Articles
Additional Information:The research was funded by the Scottish Improvement Service.
Status:Early Online Publication
Refereed:Yes
Glasgow Author(s) Enlighten ID:Roy, Professor Graeme
Authors: Connolly, K., Eiser, D., Kumar, A., McGregor, P. G., and Roy, G.
College/School:College of Social Sciences
College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Regional Studies
Publisher:Taylor & Francis
ISSN:0034-3404
ISSN (Online):1360-0591
Published Online:03 September 2021

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