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

    Connolly, Kevin, Eiser, David, Kumar, Ashwin ORCID logoORCID: https://orcid.org/0000-0002-1994-6643, McGregor, Peter G and Roy, Graeme (2022) Universal Basic Income as an instrument of regional development policy: a micro–macroeconomic analysis for Scotland. Regional Studies, 56 (6). pp. 1043-1055. ISSN 0034-3404

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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.

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