Universal Basic Income as an instrument of regional development policy

A micro–macroeconomic analysis for Scotland

Bibliographic Data

ID10409362
AuthorsKate Connolly (0000-0003-2333-2211, University of Strathclyde, corresponding author), David Eiser (University of Strathclyde), Ashwin Kumar (0000-0002-1994-6643, Manchester Metropolitan University), Peter G Mcgregor (0000-0003-1221-7963, University of Strathclyde), Graeme Roy (0000-0002-5376-5408, University of Glasgow)
Year2021
Volume56
Issue6
Pages1043-1055
Publication date2021-09-03
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueRegional Studies (JOURNAL)
Journal identifiersISSN: 0034-3404 • E-ISSN: 1360-0591
PublisherRoutledge (PUBLISHER • GB)
DOI10.1080/00343404.2021.1957090
OpenAlexW3184988281
LanguageEN
Citations received4
References cited18

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

Basic income · Development economics · Economic growth · Economics · Equity (law · Inclusive growth · Income distribution · Inequality · Macroeconomics · Market economy · Payment · Political science · Poverty · Productivity · Public economics · Stimulus (psychology · Welfare · Finance · Fiscal Policy and Economic Growth · Local Government Finance and Decentralization · Social Policy and Reform Studies

Tools

Open DOIOpen Access