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

Connolly, Kevin, Eiser, David, Kumar, Ashwin ORCID: 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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Official URL: https://www.tandfonline.com/doi/full/10.1080/00343...

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:	Article
Peer-reviewed:	Yes
Date Deposited:	03 Nov 2022 09:59
Publisher:	Taylor & Francis (Routledge)
Additional Information:	This is an Accepted Manuscript of an article published by Taylor & Francis in Regional Studies on 3rd September 2021, available at: http://www.tandfonline.com/10.1080/00343404.2021.1957090. It is deposited under the terms of the Creative Commons Attribution-NonCommercial License (http://creativecommons.org/licenses/by-nc/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited.
Divisions:	Faculties > Arts and Humanities
Subject terms:	Social Sciences, Science & Technology, Life Sciences & Biomedicine, Economics, Environmental Studies, Geography, Regional & Urban Planning, Business & Economics, Environmental Sciences & Ecology, Public Administration, regional development, inclusive growth, Universal Basic Income, citizen's basic income, computable general equilibrium, UNEMPLOYMENT, 1205 Urban and Regional Planning, 1402 Applied Economics, 1604 Human Geography, Urban & Regional Planning
URI:	https://e-space.mmu.ac.uk/id/eprint/630569
DOI:	https://doi.org/10.1080/00343404.2021.1957090
ISSN	0034-3404
e-ISSN	1360-0591

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