Connolly, K., Eiser, D., Kumar, A., McGregor, P. G. and Roy, G. (2022) Universal Basic Income as an instrument of regional development policy: a micro–macroeconomic analysis for Scotland. Regional Studies, 56(6), pp. 1043-1055. (doi: 10.1080/00343404.2021.1957090)
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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: | Published |
| 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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