IDEAS home Printed from https://ideas.repec.org/a/taf/regstd/v56y2022i6p1043-1055.html
   My bibliography  Save this article

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

Author

Listed:
  • Kevin Connolly
  • David Eiser
  • Ashwin Kumar
  • Peter G. McGregor
  • Graeme Roy

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.

Suggested Citation

  • Kevin Connolly & David Eiser & Ashwin Kumar & Peter G. McGregor & Graeme Roy, 2022. "Universal Basic Income as an instrument of regional development policy: a micro–macroeconomic analysis for Scotland," Regional Studies, Taylor & Francis Journals, vol. 56(6), pages 1043-1055, June.
    • Handle: RePEc:taf:regstd:v:56:y:2022:i:6:p:1043-1055
    DOI: 10.1080/00343404.2021.1957090
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00343404.2021.1957090
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00343404.2021.1957090?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:regstd:v:56:y:2022:i:6:p:1043-1055. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CRES20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.