Universal Basic Income as an instrument of regional development policy : a micro-macro economic analysis for Scotland
Connolly, Kevin and Eiser, David and Kumar, Ashwin and McGregor, Peter G. and Roy, Graeme (2022) Universal Basic Income as an instrument of regional development policy : a micro-macro economic analysis for Scotland. Regional Studies, 56 (6). pp. 1043-1055. ISSN 0034-3404 (https://doi.org/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 macro-economic 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.
ORCID iDs
Connolly, Kevin ORCID: https://orcid.org/0000-0003-2333-2211, Eiser, David, Kumar, Ashwin, McGregor, Peter G. ORCID: https://orcid.org/0000-0003-1221-7963 and Roy, Graeme;-
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Item type: Article ID code: 77145 Dates: DateEvent2022Published3 September 2021Published Online26 June 2021AcceptedSubjects: Social Sciences > Communities. Classes. Races > Regional economics. Space in economics Department: Strathclyde Business School > Economics
Strathclyde Business School > Fraser of Allander InstituteDepositing user: Pure Administrator Date deposited: 20 Jul 2021 16:12 Last modified: 30 Oct 2024 18:44 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/77145